India steps up oil exports to U.S as West boycotts Russia; Turns emerging refinery hub I Report

Описание: India has stepped up Vacuum Gas Oil (VGO) exports to the U.S and the West as per a Reuters report. It added that VGO cargoes bought from Indian refiner Nayara Energy are likely to head to the U.S or Europe in December after being loaded from India's Vadinar port. The move comes as the U.S has shunned Russian oil imports over its war in Ukraine. Meanwhile, India has stepped up Russian crude imports and increased oil product exports to the West for higher margins. Watch this video for more details.

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