Brent crude oil prices jumped from $72 per barrel in June to $97 per barrel in September 2023, placing severe strains on the capacities of most oil importing consuming countries.
New Delhi: 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 on Tuesday. This is the first time ever that India, which stores 5.33 million tonne or about 38 million barrels of […]
Saudi energy minister Prince Abdulaziz bin Salman at a press conference after the OPEC+ decision on Thursday said New Delhi should take some of the crude out of storage that they had purchased at very cheap rates last year.