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West Asia Tensions Threaten Global Crude Supplies, India Sees Stability

Guavy AI Editorial Team
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Oil
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Union Oil Minister Hardeep Singh Puri warned that global crude supplies are exceeding demand due to ongoing geopolitical tensions in West Asia.

The minister stated that despite regional volatility, international crude availability remains robust, cushioning India's domestic market against immediate shocks.

According to The Hindu, global crude supplies stand at approximately 102 million barrels per day, comfortably exceeding India's requirement of 94-95 million barrels per day.

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