India fuel exports reach 10-month high amid supply shortages
after close1 source ↓written by the desknot a recommendation
- in July
- 1.4 million barrels per day
- year-on-year
- 20% increase
- year-on-year
- 50% rise
India's fuel exports are projected to hit 1.4 million barrels per day in July, the highest since September. This marks a 20% increase year-on-year and nearly 50% rise from May, driven by strong refining margins amid global supply disruptions from the Russia-Ukraine conflict and increased attacks in West Asia.
The surge in exports reflects India's strategic positioning to capitalize on tight global fuel supplies, which have pushed prices to multi-year highs. 💼
Not investment advice. For informational purposes only.