Diesel's sweet spot sends India's fuel ships sailing
India's fuel exports reached a one-year high in July, driven by strong diesel margins and geopolitical disruptions affecting global supply. The country exported 1.53 million barrels per day (bpd) of refined fuels, 27% above the previous 12-month average, marking the highest volume for any July since 2017. The ongoing conflicts in West Asia and Europe have reshaped fuel trade flows, creating new opportunities for Indian refiners to fill gaps left by Russian and Gulf supplies.