India’s strategic crude oil reserves have rebounded to near-full capacity, reaching 104 million barrels by the end of June, according to data from analytics firm Kpler cited by Times Now TV.
The restoration of stockpiles marks a significant shift from the drawdowns seen during the recent geopolitical tensions in the Middle East, indicating that the world’s largest oil importer has successfully replenished its buffers.
9 million barrels per day, a 30% increase from the previous month, providing ample supply for Asian buyers.
The replenishment coincides with a broader stabilization in global energy markets.
Following the reported mutual understanding between the United States and Iran, which aims to de-escalate nearly four months of conflict, shipping routes have opened and supply chains are normalizing.
Concurrently, the United Arab Emirates has ramped up crude exports to approximately 3.9 million barrels per day, a 30% increase from the previous month, providing ample supply for Asian buyers.
For traders, the data suggests that the immediate risk premium associated with Indian demand disruption has largely evaporated.