INDIA REJECTS IEA PLEA TO RELEASE OIL: Strategic Reserves STAY LOCKED Despite $118/bbl Iran War Spike
India has firmly ruled out tapping its strategic petroleum reserves (SPR) Eventhough International Energy Agency (IEA) calls to release stocks and cool Rising global oil prices amid the escalating Iran war now in its 12th day. Oil Minister Hardeep Singh Puri confirmed the government don’t see any need for emergency drawdown, citing adequate private refiner stocks + SPR buffer covering 74-77 days of net … Read more