How India is building its oil reserves

India is building its oil reserves in underground rock caverns and tanks, finds out Abheet Singh Sethi/IndiaSpend.com. Image: A natural underground rock cavern has been reshaped near the port of......

Oil reserves work suffers set back

Work on creating strategic crude oil reserves for the country has hit a roadblock with the Oil Industry Development Board refusing to offer a grant for the purpose, and is instead sanctioning a......

India makes first crude oil purchase for strategic reserve

India's fast-growing economy has become the world's fourth-largest oil consumer after the United States, China and Japan. India has bought the first oil for its strategic petroleum reserve (SPR),......

Strait of Hormuz closure: How it will impact India

US strikes on Iran's three main nuclear facilities have once again raised concerns that Tehran might shut down the Strait of Hormuz - one of the world's most critical chokepoints, through which a......