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India to lease out space in strategic underground oil storages to local, global firms
Crude climbs as storage fills less rapidly than feared; demand may pick up as some European countries, US cities ease lockdowns
Oil futures open lower in electronic trading, extend losses from last week; traders expect demand to fall for months
Abu Dhabi National Oil Company hires India's strategic oil storage in Padur, Karnataka
'Self-reliant' India to build its first strategic oil storage by Jan 2014
India will build its first strategic oil storage by January in an effort to insulate itself from supply disruptions, Oil Minister M Veerappa Moily said today.
