Page 2 - India Oil Reserves

India saved Rs 5,000 cr by filling reserves with low-priced oil: Pradhan

The average cost of procurement of crude oil was $19 per barrel, as compared to $60 a barrel prevailing during January 2020

India's crude, gas consumption up but output fell in last 10 years: Report

India is second biggest growth driver of primary energy consumption in the world, behind China.

Forward premia slide as markets see dollar crunch despite crude oil mayhem

The forward premium comes down when the demand for the spot is more than the future dollar

India plans to fill strategic petroleum reserves with cheap Saudi, UAE oil

Leading OPEC producers Saudi Arabia and Abu Dhabi have said they will increase output while cutting prices, giving big consumers the chance to fill up at discounted prices

Saudi Aramco to keep 4.6 mn barrels of oil in India's Padur reserve: Govt

So far, Abu Dhabi National Oil Co is the only foreign company storing oil in India's strategic reserves, at Mangalore, also in Karnataka

Letter to BS: Over dependency on Middle East for oil may hit India hard

India's demand for crude is assessed at 8.2 million bbl/d by 2040, while domestic production will remain relatively flat at around 1 million bbl/d

India seeks Saudi investment in strategic oil storage to resurrect refinery

Saudi Oil Minister, on his second visit to India in three weeks, discussed with its Indian counterpart Dharmendra Pradhan the 60 million tonne (MT) a year mega oil refinery cum petrochemical complex