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The Economic Times

Economy / The Economic Times

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Indian, US fuel exporters reaping bonanza amid oil supply uncertainty due to wars

India and U.S. oil refiners are benefiting from global fuel supply disruptions caused by wars in Iran and Ukraine, boosting refined fuel exports and margins. India is emerging as Asias swing supplier as Middle Eastern and Russian supplies tighten, while U.S. refiners expand diesel and jet fuel exports. Strong demand, lower inventories and record diesel margins are reshaping global fuel markets.

19 Aug 2026 3:58 pm