India Poised to Fill China's Gap in Global Fuel Exports
China's suspension of fuel exports for October is raising concerns about global market tightening. However, India is well-positioned to supply the deficit due to rebounding crude oil imports and recent tax cuts on its fuel exports. India possesses the world's fourth-largest refining capacity.
China's move to suspend fuel exports for October has renewed concerns about tighter global markets. India may be positioned to help offset the shortfall, supported by rebounding crude oil imports and recent tax cuts on fuel exports. India has the world's fourth-largest refining system, and its fuel exports have been rising this year.