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Iran war triggers global race to build oil reservesVulnerable nations, stung by the Iran war's economic fallout, are boosting oil and gas storage to weather future crises. This global push f...- Iran war shock: Govt asks ONGC to build ₹15,000 crore strategic oil reserve at MangaluruIndia plans to boost its oil security. Oil and Natural Gas Corporation, ONGC, will build a new strategic petroleum reserve facility in Mang...
- India is set to rewrite its oil destiny, moving from risk to leverageIn a landmark agreement, India is teaming up with the UAE to significantly increase its oil reserves, transitioning into a strategic player...
- India, UAE move to expand strategic crude reserves; Abu Dhabi-linked oil storage may rise to 30 mln barrelsIndia and the UAE are boosting energy security. Plans are underway to significantly expand India's strategic oil reserves with UAE-linked c...
- The world's oil piggy bank is being smashed open. What can go wrong?Global oil inventories are plummeting to multi-decade lows, exacerbated by Middle Eastern supply disruptions and the rapid depletion of str...
- What if the Strait of Hormuz didn’t reopen?The Strait of Hormuz, a vital oil route, faces potential prolonged closure. This situation mirrors past disruptions, raising concerns about...
- India finds $800 billion silver lining as conflict clouds gatherWith an eye on the future, India is set to welcome a massive $800 billion wave of capital investment over the upcoming five years. The curr...
- Iran war hands OPEC's swing producer crown to AmericaAmerica is now the world's energy superpower. The Iran war caused an oil crunch, but the U.S. is helping. It is increasing oil exports and ...
- Global strategic oil inventory totaled 2.5 billion barrels at end of 2025, EIA saysGlobal strategic oil reserves reached 2.5 billion barrels by year-end. China, the United States, and Japan hold the largest stockpiles. The...
- Taking a stock: Amid oil volatility, India and others keep reserves steadyIndia vs Global Petroleum Oil Reserve Strategy: India is expanding its oil reserves amid global supply concerns. Prime Minister Modi highli...
- India's strategic oil reserves 64% full, may last about 5 days: Junior petroleum minister Suresh GopiIndia's strategic oil reserves are currently at 64 percent capacity. This stock can cover approximately five days of the nation's oil needs...
- How have US presidents tapped strategic petroleum reserves during war?President Trump announced the U.S. will contribute "a little bit" to the International Energy Agency's plan to release 400 million barrels ...
- Megha Engineering secures historic contract for India's first private strategic petroleum reserveMegha Engineering & Infrastructures Ltd. has won a Rs 5,700-crore project to build and operate India's first private-sector strategic petro...
- No one's afraid of an oil supply jinxIndian refiners remained calm during the Iran-Israel conflict. They trusted the oil market's stability. Strategic petroleum reserves are on...
- India to provide $647 million to support strategic reserve oil purchases in 2025-26India has allocated 55.97 billion rupees ($646.78 million) to support oil purchase for its strategic petroleum reserves. The country aims t...
- ISPRL plans oil reserve in Madhya Pradesh; Bina proposed as potential siteState-owned Indian Strategic Petroleum Reserves (ISPRL) plans to build a strategic reserve in Madhya Pradesh, serving inland refineries dur...
- India aims for first strategic petroleum reserve with a private company by 2029-30India is aiming to establish its first privately managed strategic petroleum reserve (SPR) by 2029-30, allowing the operator to trade all s...
- PetroChina, other global oil companies keen to build reserves in IndiaIndia plans to build two commercial-cum-strategic oil storage facilities with a combined capacity of 6.5 million tonnes in a public-private...
- India to sell half of Mangaluru strategic oil reserves by December"We have started selling to oil marketing companies. This will help to create space that we will then offer for leasing," Indian Strategic ...
- India to build two more strategic petroleum reserves: Piyush GoyalThere are plans to set up a 4.4-million-tonnes SPR in Odisha and a 2.5-million-tonnes facility in Karnataka expected to provide additional ...
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