India is finalizing feasibility studies for two new strategic oil reserve sites as it looks to boost storage beyond just eight days of demand.

NEW DELHI: India is looking to expand its strategic petroleum reserves with new facilities at Bina in Madhya Pradesh and Bikaner in Rajasthan, besides adding storage capacity at…

India holds 5.33 million metric tonnes of strategic crude oil, stored in underground caverns, covering approximately 9.5 days of the nation's crude oil needs.