SINGAPORE/LONDON: India's Reliance Industries ramped up diesel exports to Europe and Brazil in July, according to shiptracking data and trade sources, which could help ease tight supply globally caused by the U.S.-Iran war and a Russian export ban.
The exports come after European diesel profit margins hit a record of $74 a barrel on Wednesday as the region's stockpiles have fallen to their lowest since 2014 and escalation in the Middle East conflict hit Gulf exports to Europe.
