Tuesday, July 21, 2026
India Flag -oil product demand shows recovery in September -oilandgas360

India tops up strategic reserves with cheaper crude, saves over $685M

Energyworld It bought crude oil at an average price of $19 per barrel to fill its reserves in April and May when prices reached an all-time low while the US oil touched negative price levels in futures market. New Delhi: Taking advantage of low prices in major oil-producing centres in Saudi Arabia and UAE, India has filled up its strategic