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06.07.26 - 09:27
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Soaring Imports Push India′s Crude Stocks To Near 1-Year High (ZeroHedge)
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Soaring Imports Push India's Crude Stocks To Near 1-Year High
India's strategic and commercial crude oil inventories have jumped to a nearly one-year high as the world's third-largest crude oil buyer boosted its imports to a record high in June, OilPrice reported.
As at the end of June, India's crude oil stocks held in strategic, commercial, and refinery storage had increased to 104 million barrels, up from 90.5 million barrels at the end of April, according to data from commodity intelligence provider Kpler cited by Indian outlet Economic Times. Before the Iran war began, India held 107 million in crude oil inventories as of the end of February—the highest end-month level for the previous 12 months.
The war depleted inventories in March and April, before Indian refiners started raising imports from Russia and turn to Venezuela—both sources of supply that doesn't need to transit the Strait of Hormuz.
By June, stocks were recovering and nearing the level from before the Iran war.
Indi...
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02.07.26 - 15:24
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Market wrap: Top gainers and losers on NSE Nifty50 and BSE Sensex today (Times of India)
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Indian stock markets surged on Thursday, with Sensex and Nifty climbing nearly 1%. A significant rally in IT stocks, coupled with easing crude oil prices and positive India-Japan strategic agreements, boosted investor confidence. Despite some blue-chip weakness, the market extended its upward trend, driven by technology shares and optimism surrounding new economic and defence pacts....
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