Indian refiners hope China taps into oil reserves, freeing global supplies

The widening conflict in the Gulf region has sharply squeezed global crude supply and sent prices soaring, with Brent topping $89 per barrel on Friday.

Mar 7, 2026 - 20:30
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Indian refiners hope China taps into oil reserves, freeing global supplies
The widening conflict in the Gulf region has sharply squeezed global crude supply and sent prices soaring, with Brent topping $89 per barrel on Friday.

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