India on track to export record-low diesel to Europe in January as Red Sea risks drive up freight costs
Representational image | Photo Credit: Reuters India’s exports of low-sulphur diesel to Europe are poised to hit a two-year low in January, after an unprecedented high last month, as Red Sea security risks drive up freight costs, trade sources and analysts say. Volumes have so far declined by roughly 80% month-on-month to 33,400-58,000 barrels per…