India's diesel exports hit a 13-month high in October, up 19.6% m/m to 0.71M bpd, as refiners cash in on supply disruptions and elevated margins. Reliance accounted for nearly 78% of those exports, so

What happened: India's diesel exports rose to a 13-month high in October as refiners capitalised on tight global supplies and elevated prices amid the West Asia conflict and the Russia-Ukraine war. Key numbers: Kpler data showed exports averaging 0.71 million bpd from October 1 to 29, up 19.6% over September and 8.1% year on year. Why it matters: Russia, previously the world's second-largest diesel exporter, has curtailed shipments, leaving a gap that Indian refiners filled, with analysts expecting shipments to stay elevated if shortages persist.

India's diesel exports rose to a 13-month high in October as refiners capitalised on tight global supplies and elevated prices amid the West Asia conflict and the Russia-Ukraine war.

Russia, previously the world's second-largest diesel exporter, has curtailed shipments, leaving a gap that Indian refiners filled, with analysts expecting shipments to stay elevated if shortages persist.