India's fuel exports hit a one-year peak in July, driven by strong diesel margins. Russia's diesel export ban and global supply voids created favorable conditions for Indian refiners. Ample crude availability after a brief Iran-US truce also boosted refinery runs. Refineries like Reliance Industries and Nayara Energy processed more crude volumes. These factors combined to maximize Indian refiners' export capabilities last month.

NEW DELHI: India’s crude oil imports from Russia climbed to a record 2.8 million barrels per day (mbd) in July accounting for more than half of the country’s purchases, even as…

India imported a record 2.8 million barrels per day of Russian crude in July, making Russia the source of more than half of its oil imports as refiners prioritized reliable…