11 Oct, 23

India’s Diesel Exports To Europe Soar To Record High

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India’s diesel exports loading for Europe hit a record high in September amid open arbitrage for westbound shipments, Reuters reported on Wednesday, citing tanker-tracking data and analysts. Last month, diesel cargoes loading from India and bound for Europe averaged between 280,000 barrels per day (bpd) and 303,000 bpd – or roughly half of all Indian diesel shipments in September, according to vessel-tracking data by LSEG, Vortexa, and Kpler cited by Reuters. At the same time, Indian diesel shipments eastwards to Singapore slumped in…

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