Crude Oil Reserve
Business  /  Published 23.11.21

India to release crude oil

India will release 5 million barrels of crude oil from its emergency stockpile in tandem with the US, China, Japan, and other major economies to cool international oil prices, the government announced...
By Our Bureau, PTI in New Delhi

Business  /  Published 15.10.20

Export from crude caverns

The cabinet on Wednesday approved the demerger of the under-construction Nagarnar steel plant (NSP) from NMDC  and its disinvestment by selling the entire stake of the Centre to a strategic buyer...
By Our Special Correspondent in New Delhi

Business  /  Published 26.07.20

Heat on Modi govt’s plans to store oil in US reserves

The Narendra Modi government’s plans to store its crude oil in US strategic petroleum reserves has come under strong criticism from former oil minister and Congress leader M. Veerappa Moily, who...

Business  /  Published 21.10.18

Global allies for crude storage

Global oil majors such as Saudi Aramco, Abu Dhabi National Oil Corporation (Adnoc) and oil traders such as Vitol Group, Trafigura Group and Glencore have indicated their interest in partnering India f...
By R. Suryamurthy in New Delhi

Business  /  Published 08.05.20

Crude tanks get filled up

India’s strategic crude oil reserves will be full by mid-May, petroleum miniser Dharmendra Pradhan said, giving a clear indication that the country has taken advantage of the slump in global crude p...
By Our Special Correspondent in New Delhi

Business  /  Published 03.03.19

Multiple oil storage hubs to fix shortage

The government is planning to build more underground facilities to store crude oil to ensure assured supply during emergencies.“There have been some discussions on building additional strategic crud...
By R. Suryamurthy in New Delhi


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