

The government has asked oil companies to build 30-day LPG reserves amid Hormuz supply risks. What are strategic reserves? What is the status of LPG reserves in India? How is it different from Strategic Petroleum Reserves (SPRs)?

China likely placed an estimated 430,000 barrels per day (bpd) of crude into strategic and commercial reserves in April, even as its crude imports slumped to the lowest level since July 2022, according to estimates by Reuters columnist Clyde Russell based on …
India is navigating a critical oil import challenge. The government's approach of keeping fuel prices steady faces fiscal and equity questions. Experts suggest a move towards targeted aid for the needy instead of broad price cuts. Building strategic reserves …