Strategic Oil Reserves in Focus After Drone Attacks on Saudi Aramco Facility
The Hindu Business Line|September 17, 2019
Reserves available for use can help tide over crisis in the short term: PSU oil firm official
Strategic Oil Reserves in Focus After Drone Attacks on Saudi Aramco Facility

India may dip into its strategic oil reserves stored in underground caverns at Mangaluru, Paddur (near Udupi) and Visakhapatnam, after the drone strikes on Saudi Arabian Oil Co or Saudi Aramco’s facility over the weekend sent shock waves across global oil markets, hitting supplies.

The attacks affected half of the Kingdom’s oil exports or about 5 per cent of the global supply and bringing the entire production back on stream could take weeks.

“The strategic reserves are available to us to utilise except for the portion reserved for the Abu Dhabi National Oil Company,” a top official at one of the state-run oil companies said.

Diese Geschichte stammt aus der September 17, 2019-Ausgabe von The Hindu Business Line.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der September 17, 2019-Ausgabe von The Hindu Business Line.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS THE HINDU BUSINESS LINEAlle anzeigen
Covid Presents An Opportunity For India
The Hindu Business Line

Covid Presents An Opportunity For India

India must attract investors exiting China post-Covid. Streamlining of project clearances and relaxation in FRBM norms will help

time-read
4 Minuten  |
April 29, 2020
Did Alternative Assets Shield You From Covid-19 Volatility?
The Hindu Business Line

Did Alternative Assets Shield You From Covid-19 Volatility?

The assets closely linked to stock and debt markets could not stave off the losses

time-read
4 Minuten  |
April 29, 2020
How To Put Aircraft To Bed
The Hindu Business Line

How To Put Aircraft To Bed

Preserving grounded planes, to get them up and flying at short notice, is a challenging task. Ashwini Phadnis captures the process

time-read
5 Minuten  |
April 29, 2020
There Can Be No Going Back On WFH
The Hindu Business Line

There Can Be No Going Back On WFH

Covid-19 has fast-forwarded the shift to ‘work from home’. However, some face-to-face connect will always be needed

time-read
5 Minuten  |
April 29, 2020
UN, WHO Urged To Ensure ‘Benefit Sharing' Of Covid-Related Data
The Hindu Business Line

UN, WHO Urged To Ensure ‘Benefit Sharing' Of Covid-Related Data

Biopharma firms should reach vaccines, medicines to poor nations at an affordable price, say civil society bodies

time-read
2 Minuten  |
April 29, 2020
With No Clear Signal From Rlys, States Explore Ways To Bring Back Migrants
The Hindu Business Line

With No Clear Signal From Rlys, States Explore Ways To Bring Back Migrants

Quarantine centres, cross-country buses being arranged even as migrants hop on to boats, trucks and ambulances

time-read
2 Minuten  |
April 28, 2020
Centre Allows All Neighbourhood Shops To Open But With Riders
The Hindu Business Line

Centre Allows All Neighbourhood Shops To Open But With Riders

Final call will be taken by local authorities; shopping complexes that draw fewer ‘outsiders’ are permitted to operate

time-read
2 Minuten  |
April 28, 2020
Covid Impact Relatively Muted In India
The Hindu Business Line

Covid Impact Relatively Muted In India

Compared to Italy and the US, India’s rate of infection spread has been slow. This can be attributed to the strict measures in place

time-read
4 Minuten  |
April 28, 2020
How Global Trade Will Fare Post-Covid
The Hindu Business Line

How Global Trade Will Fare Post-Covid

China isn’t likely to lose its pre-eminent position soon. India, for one, will need to make manufacturing globally competitive

time-read
4 Minuten  |
April 28, 2020
How To Curb Harassment In The Virtual Office
The Hindu Business Line

How To Curb Harassment In The Virtual Office

Training and sensitisation are essential. Institute a strict dress code and chat etiquette to ensure professionalism during video calls

time-read
3 Minuten  |
April 28, 2020