MUMBAI – India’s oil demand continues to rise, even as world crude prices hover near $50 a barrel. With global politics and economics causing uncertainty, the rules of the oil game here are changing both for supply and distribution. In response to the crisis, India is building up a crude reserve of 148 million barrels, equivalent to 60 days’ consumption. The state-owned Indian Oil Co. has set up a wholly owned subsidiary, Indian Strategic Petroleum Reserves Ltd. (IRPS), to accommodate the ...
Premium Content (PAID Subscription Required)
"India Moves to Protect State Oil Firms From Financial Loss" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.