India Plans to Expand Oil Reserves to Guard Against Price Spikes - Bloomberg.com
Bloomberg
B
Bloomberg
Original Source
India, the world's third-largest oil consumer, plans to build larger oil inventories, expand storage capacity, and deepen supply partnerships to protect itself against price volatility similar to that experienced during the Iran conflict. India's oil minister emphasized that the country is preparing for potential future price spikes in the global energy market.
India Plans to Expand Oil Reserves to Guard Against Price Spikes - Bloomberg
Skip to content
Bloomberg the Company & Its Products The Company & its ProductsBloomberg Terminal Demo RequestBloomberg Anywhere Remote Login Bloomberg Anywhere LoginBloomberg Customer Support Customer Support
Subscribe
Live TV
* Markets
* Finance
* Economics
* Industries
* Tech
* Politics
* Businessweek
* Opinion
* Video
* More
US Edition
Subscribe
APAC Fuel Crunch:
Iran Woos Asia’s Oil Buyers
Fishermen Struggle
Pakistan Faces Blackouts
Crisis Responses
Malacca Strait Anxieties
US Crude
Industries
Energy
India Plans to Expand Oil Reserves to Guard Against Price Spikes
*Storage tanks at an oil refinery in Mumbai.
Photographer: Abeer Khan/Bloomberg*
Contact us: Provide news feedback or report an error
Confidential tip? Send a tip to our reporters
Site feedback: Take our Survey
By Rakesh Sharma
July 2, 2026 at 1:58 PM UTC
India plans to build larger oil inventories, expand storage capacity and deepen supply partnerships to hedge against the kind of price volatility seen during the Iran war.
“I’m not worried about it, but I have to prepare for it,” Oil Minister Hardeep Singh Puri told reporters in New Delhi on Thursday, replying to a question on whether the world’s third-largest oil consumer was concerned about future spikes.
HomeBTV+Market DataOpinionAudioOriginalsMagazineEvents
News
MarketsEconomicsTechnologyPoliticsGreenCryptoAI
Work & Life
WealthPursuitsBusinessweekCityLabSportsEqualityManagement & Work
Market Data
StocksCommoditiesRates & BondsCurrenciesFuturesSectorsEconomic Calendar
Explore
NewslettersExplainersPointed News QuizAlphadots GameThe Big TakeGraphicsSubmit a TipAbout Us
Terms of ServiceTrademarksPrivacy Policy
CareersAdvertise
Ad Choices
Help©2026 Bloomberg L.P. All Rights Reserved.
Skip to content
Bloomberg the Company & Its Products The Company & its ProductsBloomberg Terminal Demo RequestBloomberg Anywhere Remote Login Bloomberg Anywhere LoginBloomberg Customer Support Customer Support
Subscribe
Live TV
* Markets
* Finance
* Economics
* Industries
* Tech
* Politics
* Businessweek
* Opinion
* Video
* More
US Edition
Subscribe
APAC Fuel Crunch:
Iran Woos Asia’s Oil Buyers
Fishermen Struggle
Pakistan Faces Blackouts
Crisis Responses
Malacca Strait Anxieties
US Crude
Industries
Energy
India Plans to Expand Oil Reserves to Guard Against Price Spikes
*Storage tanks at an oil refinery in Mumbai.
Photographer: Abeer Khan/Bloomberg*
Contact us: Provide news feedback or report an error
Confidential tip? Send a tip to our reporters
Site feedback: Take our Survey
By Rakesh Sharma
July 2, 2026 at 1:58 PM UTC
India plans to build larger oil inventories, expand storage capacity and deepen supply partnerships to hedge against the kind of price volatility seen during the Iran war.
“I’m not worried about it, but I have to prepare for it,” Oil Minister Hardeep Singh Puri told reporters in New Delhi on Thursday, replying to a question on whether the world’s third-largest oil consumer was concerned about future spikes.
HomeBTV+Market DataOpinionAudioOriginalsMagazineEvents
News
MarketsEconomicsTechnologyPoliticsGreenCryptoAI
Work & Life
WealthPursuitsBusinessweekCityLabSportsEqualityManagement & Work
Market Data
StocksCommoditiesRates & BondsCurrenciesFuturesSectorsEconomic Calendar
Explore
NewslettersExplainersPointed News QuizAlphadots GameThe Big TakeGraphicsSubmit a TipAbout Us
Terms of ServiceTrademarksPrivacy Policy
CareersAdvertise
Ad Choices
Help©2026 Bloomberg L.P. All Rights Reserved.
🔗 Share Article
Tags:#الهند#الطاقة#النفط#احتياطيات استراتيجية#الأسعار#الاستقرار الاقتصادي
Source: Bloomberg
For Context
Related reads from the same topic or latest developments
