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US To Release 172 Million Barrels of Oil

By BPN News Desk March 12, 2026
india oil
International
The United States has announced a major release from its Strategic Petroleum Reserve, saying 172 million barrels of oil will be put into the market beginning next week as prices rise amid the Iran war and wider Gulf supply concerns. The move is part of a broader coordinated release agreed by
oil
Business Industry International

India Boosts Oil Imports from Russia, US Amid Gulf Crisis

By BPN News Desk June 24, 2025
India is rapidly reshaping its oil import strategy by ramping up purchases from Russia, the United States, Africa, and Latin America, as tensions in the Middle East threaten the reliability of traditional Gulf-based supplies. The move comes as geopolitical risks escalate in the Strait of Hormuz, a vital maritime chokepoint that handles nearly half of […]

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