Shafaqna English– Oil refiners based in India and the United States are enjoying extraordinary profits, as ongoing conflicts in Iran and Ukraine have severely disrupted global fuel supply chains, pushed energy prices sharply higher, and forced importers to urgently seek cargoes during the peak summer demand period in the Northern Hemisphere.
Unaffected by attacks or maritime blockades, refineries in India and the United States have significantly increased their exports to countries that had traditionally depended on supplies from the Middle East and Russia. According to analysts and traders, as long as the ongoing wars continue to disrupt those traditional supply sources, Indian and American refiners are poised to keep earning billions of dollars from elevated export volumes.
Source: Reuters