India Yet to Start Selling Oil Under Coordinated Move

The video discusses the government's decision to release 5 million barrels of crude oil in coordination with other countries. It examines the short-term impact on oil prices and OPEC's production plans. The speaker explains the leasing of strategic reserves and the interest from companies like MRPL and HPCL. India's current storage capacity and future expansion plans are outlined, including a public-private partnership for phase two. The potential impact of a new COVID-19 variant on oil demand is considered, with the belief that demand will remain stable due to mild infections and preparedness from the government.

What companies have shown interest in leasing crude storage in India?

What are the plans for expanding India's strategic oil storage?

How is the government preparing to handle potential COVID-19 impacts on oil demand?