India Boosts Spot Oil Buys Amid Middle East Crisis

Indian Oil Corp has increased its spot oil purchases in response to the ongoing Middle East crisis. The company aims to bolster its fuel supplies amid the escalating tensions.

The Middle East crisis, which began with a conflict between Israel and Palestine, has led to concerns over global oil prices. Indian Oil Corp's move to boost spot oil buys is seen as a precautionary measure to ensure stable fuel supplies for the country.

No specific figures were mentioned in relation to the increased purchases, but industry experts have noted that India relies heavily on imported oil, which may be affected by the crisis.