Reliance Industries, the operator of the world’s largest refining complex, has halted diesel and oil product exports from Sikka port in India due to a cyclone off the country’s west coast. The company informed traders through a letter about the force majeure declaration on exports from Sikka due to the approaching storm.
Weather forecasters predict that the cyclone could impact Gujarat, a western state in India, and southern parts of Pakistan. The Jamnagar refinery, processing 704,000 barrels per day (bpd), is a significant exporter of diesel, especially to Europe.
European countries have increased diesel imports from Asia since the European Union banned Russian diesel in February.
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