India may ask refiners to maintain larger crude oil inventories; here's why
AI Summary
India is reevaluating its oil storage strategy amid disruptions in the Strait of Hormuz, which has raised concerns about the reliability of its crude oil supply from the Persian Gulf. Historically, India has relied on its geographic advantage, but recent geopolitical tensions are prompting a shift towards maintaining larger inventories. This move reflects a broader strategic reassessment, drawing lessons from China's more robust reserves, to ensure energy security and stability.
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