Indian oil refiners are increasing petroleum exports to their highest levels in several years, Reuters reports. The report adds that India’s petroleum exports are driven by expanded crude processing capacity and increased domestic ethanol blending that has freed up fuel supplies for overseas markets

Indian petroleum refining companies, which source about a third of their crude oil from Russia, are boosting runs and redirecting surplus barrels abroad.

Reuters says that the rise in exports is expected to help meet Europe ‘s winter heating oil demand and support Indian refining margins, after refiners turned to discounted Russian crude when Europe and the U.S. imposed sanctions on Moscow for its invasion of Ukraine in February 2022.

Meanwhile, the United States has accused India of

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