AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
1min snip
Why is India leasing out its petroleum reserves?
Finshots Daily
The Importance of Strategic Petroleum Reserves
The strategic petroleum reserves (SPRs) were established by Western Europe and the US as an alternative to OPEC's dominance in the oil market. By storing emergency stocks of oil, countries can stabilize oil prices during crises and reduce dependency on oil giants in the Middle East. Recently, India announced plans to build its first privately managed SPR by FY30, enhancing existing reserves at Mangaluru and Padur in Karnataka.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode