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India Crude Stocks Hit 104 Million Barrels: What It Means for Global Energy Markets

India Crude Stocks Hit 104 Million Barrels: What It Means for Global Energy Markets
Jan van der Wolf · pexels

India has aggressively expanded its crude oil inventories to 104 million barrels, reaching a near one-year high by the end of June. This rapid accumulation signals a significant shift in procurement strategy for the world's third-largest oil buyer. Data from…