India's crude oil inventory reaches near one-year high
India's crude oil inventory rose to 104 million barrels at the end of June, nearing a one-year high due to strong imports. This recovery follows a significant depletion during the June quarter, potentially stabilizing supply and impacting crude prices positively for refiners.
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India's crude oil inventory has surged to 104 million barrels at the end of June, nearing its highest level in nearly a year. This rebound follows significant oil imports that replenished stocks after a decline during the June quarter due to disruptions from the US-Iran conflict.
The increase in inventory levels may stabilize supply and impact crude prices positively for refiners, enhancing operational efficiency moving forward.
Not investment advice. For informational purposes only.