Market Outlook
Press

India’s May diesel exports to Southeast Asia seen at multi-year highs on higher margins

Cross BarrelCrudeDistillateFreightFuel OilGasolineJetNaphtha
Analyst briefsChart packsDeep divesEventsOpinionsPodcastsPressWebinarsWhitepapers
Published30 MAY 25 - 10:53 Reading time  minutes

“The re-direction of Indian diesel barrels east has had a two-fold effect,” said Sparta Commodities analyst James Noel-Beswick.”First, it has flooded the Singapore market, leading to a swift rebound in local inventories and applying downward pressure on diesel spreads since late April,” he said.

Reuters, May 30, 2025 – James Noel-Beswick from Sparta commented on India’s diesel exports, highlighting how a shift of barrels to Southeast Asia has flooded the Singapore market, driving a rebound in inventories and putting downward pressure on diesel spreads in Asia. He noted that this redirection has tightened supply in Europe, causing ICE gasoil prices to rise.

Author

James Noel-Beswick

Commodity Owner

Rate this article

Average rating / 5. Vote count:

No votes so far! Be the first to rate this post.

Continue reading

  • New
  • Deep dive
  • Crude

Time for physical to shine

Lack of deal breakthrough should see global refining step out to buy up barrels.

11 MAY 26 - 13:01

  • New
  • Analyst brief
  • Crude

The calm in physical won’t last forever

Plenty market chatter about the incredible weak state of crude diffs with North Sea almost below...

08 MAY 26 - 13:01

  • New
  • Analyst brief
  • Freight

MR ballaster build: supply pressure mounting across key regions

MR ballaster counts have risen sharply over the past two weeks, with the most pronounced moves in...

08 MAY 26 - 10:01

  • New
  • Analyst brief
  • Cross Barrel

Week 17 Pricing Analyst Update – Nadia Riaz – AG – Cross Barrel

Refined oil prices across the Arab Gulf continued to rise as escalating tensions between the US and...

08 MAY 26 - 09:48

subscribe_cta_image

Real time alerts, set to your specifications

Subscribe