Indian Reliance boosts diesel exports to Europe and Brazil as global supply tightens amid Middle East conflict - Tekedia

Reliance Industries sharply increased diesel exports from its Jamnagar refinery in July, sending about 4-5 million barrels to Europe and more to Brazil.

The shipment surge came as Europe saw record diesel margins, low inventories, and weaker supply from Russia and the Middle East.

Analysts say India is increasingly acting as a flexible swing supplier to markets with the best refining economics.

August flows could change if Asian buyers outbid Europe for cargoes.