Synopsis India and U.S. oil refiners are benefiting from global fuel supply disruptions caused by wars in Iran and Ukraine, boosting refined fuel exports and margins. India is emerging as Asia’s swing supplier as Middle Eastern and Russian supplies tighten, while U.S. refiners expand diesel and jet fuel exports. Strong demand, lower inventories and record diesel margins are reshaping global fuel markets. NEW DELHI/NEW YORK: Oil refiners in India and the U.S. are reaping a bonanza as wars in Iran and Ukraine have disrupted global fuel supplies, driven up prices, and left importers scrambling for barrels ?at the height of…
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