There is a 600,000 barrels diesel shortage per day in Europe right now, which will only exacerbate this year!
Do you know who is going to be the major supplier to plug this gap?
India is going to fulfil this by more than 60%! This is a huge game-changer in geopolitics!
India is emerging as *the upstream refinery destination of Russian oil,* which is then exported to Europe!
Currently, we are buying 17 lakh barrels of Russian oil every day at roughly $47 per barrel, which means potential export revenues to the tune of $70 billion this year!
Late last year, for instance, Netherland emerged as a surprising export destination of Indian hydrocarbons, reaching $10.4 billion!
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Not only will this have a positive impact on India's Current account, but also we will emerge as a major player in global energy economics!
US simply cannot tolerate the rise of India in energy geo-economics, (especially built on partnership with Russia).
This is why all these attacks are happening; they have moved beyond "human rights" & "religious freedom" *to wild documentaries & attacking Indian businesses!
What threatens US the most is the *next step, when India joins other BRICS nations to implement the mBridge platform for international hydrocarbon trade, that will be a death knell for the dollar, and the exorbitant privilege that US enjoys!
Stock which gets benefitted Most in Long Run
Reliance is the biggest refiner they are exporting all the refined products to USA and Europe. Good buy 11.5 dollar refining margins per barrel.
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