Crude oil price may spike further as India ecides to build strategic reserves in Visakhapatnam of Andhra Pradesh
Kiran Chaube
Jan. 15, 2008

India has decided to build massive strategic reserves of crude oil to counter supply disruptions and excessive demand during a war.

Country's 15 days requirement will be held in Visakhapatnam of Andhra Pradesh. India will also build many more strategic reserves all around the country.

The impact of this nnews is bullish for crude oil futures. India will eventually double the overall strategic reserve capacity to 73.3 million barrels, twice the 15 days cover planned currently.

Crude oil price may spike further as India ecides to build strategic reserves in Visakhapatnam of Andhra Pradesh
Kiran Chaube
The impact of this nnews is bullish for crude oil futures. India will eventually double the overall strategic reserve capacity to 73.3 million barrels, twice the 15 days cover planned currently.
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