What are Strategic Petroleum Reserves (SPR)?
Why in the News? India is planning to establish six new Strategic Petroleum Reserve (SPR) sites to boost energy security amid rising global oil risks. About Strategic Petroleum Reserves (SPR): Overview: SPRs are emergency stockpiles of crude oil maintained by the government to manage supply disruptions caused by events like wars, embargoes, or price shocks.… Continue reading What are Strategic Petroleum Reserves (SPR)?