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Indian Refined Fuel Exports In March To Europe Soared On French Strikes

OIL

India’s refined fuel exports to Europe rose to an average of 385,547bpd in March, from 169,196bpd in February due to refinery disruptions in France and anticipation of lower production during the springtime refinery maintenance season, Vortexa data showed.

  • “The uptick in volume (of fuel exports from India) also aligns with stronger loadings from Saudi Arabia and the US to Europe. With the ongoing French refinery strike and upcoming refinery maintenance in the region, higher refined petroleum product imports by the region are expected,” Serena Huang, Vortexa’s head of APAC Analysis, said.
  • Indian fuel exports to the EU declined in February due to lower heating demand and high fuel inventory build-up in the region in the months leading up to the ban on Russian fuels.

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