Why India Exports Fuel to the West While Importing 85% of Its Crude
Operating as the world’s refining clearinghouse, India turns discounted crude into high-spec diesel for European and American markets.
Operating as the world’s refining clearinghouse, India turns discounted crude into high-spec diesel for European and American markets.
Facing a domestic diesel price shock and midterm elections, Washington swaps capital protocol for India’s refining capital.
As physical North Sea crude surges past $154 while futures sit near $103, an unprecedented $50 spread reveals severe prompt supply starvation across world energy markets.