India’s oil-product exports soar amid refinery shutdowns in Europe

India’s oil-product exports soar amid refinery shutdowns in Europe

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Exports of clean oil-product exports from India jumped to their highest since March 2022 as refinery shutdowns in Europe led to a spike in demand from overseas buyers, including nations in Africa.Shipments of diesel, gasoline and jet fuel from the world’s fourth-largest refiner swelled to 1.5 million barrels a day in September, up about 39% on-year, according to Kpler data.BloombergWhile India is a major crude-oil importer — where refiners are largely configured to service domestic consumption — private processors also service substantial overseas requirements. Last month, European refiners cut processing due to maintenance and poor margins, limiting local supplies and hitting their exports to Africa.“The open diesel arbitrage to Europe has been driven by lower supplies due to the region’s planned and unplanned refinery maintenance,” said Serena Huang, head of APAC analysis at Vortexa.Artificial Intelligence(AI)Java Programming with ChatGPT: Learn using Generative AIBy – Metla Sudha Sekhar, Developer and Lead InstructorView Program Artificial Intelligence(AI)Basics of Generative AI : Unveiling Tomorrow’s InnovationsBy – Metla Sudha Sekhar, Developer and Lead InstructorView Program Artificial Intelligence(AI)Generative AI for Dynamic Java Web Applications with ChatGPTBy – Metla Sudha Sekhar, Developer and Lead InstructorView Program Artificial Intelligence(AI)Mastering C++ Fundamentals with Generative AI: A Hands-OnBy – Metla Sudha Sekhar, Developer and Lead InstructorView Program Artificial Intelligence(AI)Master in Python Language Quickly Using the ChatGPT Open AIBy – Metla Sudha Sekhar, Developer and Lead InstructorView Program Office ProductivityZero to Hero in Microsoft Excel: Complete Excel guide 2024By – Metla Sudha Sekhar, Developer and Lead InstructorView Program AstrologyVastu Shastra CourseBy – Sachenkumar Rai, Vastu ShashtriView Program Data ScienceSQL for Data Science along with Data Analytics and Data VisualizationBy – Metla Sudha Sekhar, Developer and Lead InstructorView Program Web DevelopmentA Comprehensive ASP.NET Core MVC 6 Project Guide for 2024By – Metla Sudha Sekhar, Developer and Lead InstructorView Program Office ProductivityMastering Microsoft Office: Word, Excel, PowerPoint, and 365By – Metla Sudha Sekhar, Developer and Lead InstructorView Program MarketingDigital marketing – WordPress Website DevelopmentBy – Shraddha Somani, Digital Marketing Trainer, Consultant, Strategiest and Subject Matter expertView Program Web DevelopmentMastering Full Stack Development: From Frontend to Backend ExcellenceBy – Metla Sudha Sekhar, Developer and Lead InstructorView Program FinanceFinancial Literacy i.e Lets Crack the Billionaire CodeBy – CA Rahul Gupta, CA with 10+ years of domain experience, trainerView Program LeadershipBusiness Storytelling MasterclassBy – Ameen Haque, Founder of StorywallahsView Program MarketingFuture of Marketing & Branding MasterclassBy – Dr. David Aaker, Professor Emeritus at the Haas School of Business, UC Berkeley, Author | Speaker | Thought Leader | Branding ConsultantView Program HRHuman Potential and the Future of EmploymentBy – Lynda Gratton, Prof. at London Business School, Speaker, Author, Global Thought LeaderView Program StrategyESG and Business Sustainability StrategyBy – Vipul Arora, Partner, ESG & Climate Solutions at Sattva Consulting Author I Speaker I Thought LeaderView Program FinanceFinancial Reporting and AnalyticsBy – Dr. C.P. Gupta, Professor: Department of Finance and Business Economics, University of DelhiView Program Among flows from India, product exports to Africa hit a a record 380,000 barrels a day, according to Kpler data.

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