India’s Fuel Exports Surge as European Supply Drops

Petroleum product exports from India have soared to the highest level in two and a half years as maintenance season in Europe is stoking demand for fuels from other sources. Indian exports of fuels such as gasoline, diesel, and jet fuel, soared by 39% in September compared to a year earlier. At 1.5 million barrels per day (bpd), India’s fuel exports have reached the highest level since March 2022, according to data from analytics firm Kpler cited by Bloomberg. As refiners in Europe have entered seasonal maintenance or cutting back on crude...