India's Diesel Exports to Europe Plummet Over 90% in February Due to Attacks Disrupting Key Shipping Routes

• Shipments of diesel from India to Europe at lowest level since 2022 so far in February due to Houthi attacks disrupting trade • Higher freight costs and unplanned Asia refinery maintenance make sending cargoes East more economical • Arrivals from India to Europe averaged just 18,000 barrels per day in early February, down over 90% from January • Tankers forced to take longer routes to Europe due to attacks, increasing costs • Diesel shipments from India to Asian destinations surged in early February