By Admin 
World’s Crude Oil Reserve: After the war between America and Iran, many news are continuously coming out regarding the interruption in the supply of crude oil and the rise in the prices of crude oil in the global oil markets.
Meanwhile, a new report from Goldman Sachs on crude oil reserves in the world has also come. According to this report of 2026, the total global crude oil reserves have now reduced to only 101 days, which is the lowest level in the last eight years.
Fuel reserves are decreasing due to oil.
At the end of February 2026, global oil reserves were equal to 106 days of demand, which has now reduced to 101 days. Goldman says that by May 2026 it will be equal to 98 days of demand. Apart from crude oil, the stock of commercial fuels like petrol, diesel and jet fuel has also reduced from 50 days before the war to 45 days of demand.
Due to the increasing tension between America, Iran and Israel, the blockade of the Strait of Hormuz caused a major interruption in this supply, which has now led to a reduction in the reserves. Due to shortage in supply, the prices of crude oil in the international markets have increased by more than 6 percent so far.
What will be the impact on India?
India currently has reserves of crude oil and petroleum products equal to meeting the demand for about 60 days. Whereas according to the government, the country has fuel stock of 74 days. However, India has brought diversity in its supply chain. Apart from the countries included in the Middle East, India imports crude oil from about 40 other countries so that the blockage in Hormuz does not have much impact.
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