Diesel exports from India to Europe continue to increase, taking into account the maintenance period at the continent’s refineries at this time of year.
Profits for India could reach unprecedented peaks. Reports indicate that in September, “Europe received between 1.3 million and 1.4 million metric tons (9.7 million to 10.4 million barrels) of supply from Asia’s largest swing supplier. This data is based on information from LSEG, Kpler, and two trade sources.”
In this regard, it is worth mentioning that Indian refineries have significantly increased their operations, “exporting surplus products, with gasoline and diesel shipments reaching multi-year highs.”
Total diesel exports last month stood at nearly 3 million tons, according to Kpler ship-tracking data.
M.Pino
Source: es.investing.com
(Reference image source: Zachary Musser on Unsplash)
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