BRAND-NEW DELHI: India is taking a look at saving some low priced
United States oil
in centers there as its
local storage
is complete,
oil minister Dharmendra Pradhan
stated.
India’s strategy could be similar to a move by Australia, which last month stated it would develop an emergency oil stockpile at first by buying unrefined to save in the United States Strategic Petroleum Reserve to benefit from low oil prices.
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