Daily Energy Report
India diesel exports, Spain LNG imports, China rare earth exports, US ‘green’ jet fuel, Offshore optimism, Indonesia fuel imports, Spain’s wrong lesson, Buffet’s subsidies, UK sanctions, and more.
May 09, 2025
Chart of the Day
Reuters: India's April Diesel Exports Likely Hit Lowest Level in over a Decade, Sources Say
Summary
India's diesel exports in April likely fell to their lowest in over a decade—around 1.15 million metric tons—as Reliance Industries, the country's largest refiner, reduced output for maintenance amid strong domestic demand. This marked a sharp decline from March. The supply shortfall lifted Asia's spot 10-ppm gasoil premiums to three-month highs. Mangalore Refinery and Petrochemicals also reduced exports, favoring domestic sales and jet fuel production due to better margins. Diesel exports are expected to rebound.