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India's ONGC plans oil trading and strategic reserves while keeping upstream production central
India
First seen: Aug 31, 2026, 3:32 PM UTCUpdated: Aug 31, 2026, 5:01 PM UTC
WHAT HAPPENED
ONGC plans to enter oil trading and build strategic reserves, while maintaining upstream operations as its core business. The strategy expands the company's role across India's energy supply chain.
SO WHAT?
Changes by a major national oil company could affect India's energy security and exposure to global oil-market disruptions.
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