How India turned the oil shock into profit as Russia refineries sputter

Diesel exports to Europe surged while Russia struggled to refine

India appears to be converting the global oil dislocation into advantage as Russian refineries face disruption from Ukraine strikes. With crude at record low prices, India boosts diesel exports to Europe and seeks to capture margins even as US trade pressure grows. The outcome hinges on how long disruption in Russian refining lasts versus pressure on India’s energy flows.