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Indian Diesel Flows to Singapore at 19-Month High in August

OIL PRODUCTS

Indian diesel exports to Singapore are set to hit a 19-month high in August, above 330,000 metric tons according to various vessel tracking firms.

  • The route has been boosted by cheaper freight costs and low Singapore inventories.
  • Indian diesel to Europe meanwhile is set for its lowest monthly pace this year.
  • India is on track to ship between 330,000 and 439,000 tons of diesel in August to Singapore, shiptracking data from Refinitiv, Vortexa and Kpler showed.
  • Domestic Indian diesel demand has been low because of the monsoon season which has also boosted exports.
  • India's diesel exports to Europe in August could fall to around 320,000 tons, the lowest this year, Kpler data showed.
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