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▲ Bullish for Oil India
India urged to strengthen domestic oil exploration for energy security
The brief
- Oil India Limited emphasized the need to strengthen domestic oil exploration amid rising global tensions
- More domestic exploration could benefit Oil India and reduce exposure to imported crude for Indian energy companies
- Crude oil shock and higher yields: Why Indian stock markets may remain volatile in near term - where should you invest?
- Rupee slides below 96/$ as crude breaches $107, yield stays elevated
- Global Market: Japanese bond yields hover near multi-decade highs as inflation concerns persist
- Rupee unlikely to breach 97 despite high crude prices and strong dollar: Naveen Mathur
- Higher outflow from Hormuz could unwind premiums; oil may correct by 10-15%
India’s fuel resilience and reserves
Hardeep Singh Puri said India’s energy resilience, built over years, helped insulate consumers from global crude supply disruptions. He said India has more than 80 days of fuel reserves and is seeking to shape the global energy conversation.
Tuesday, 29 September
- India urged to strengthen domestic oil exploration for energy security