Indian refiners Indian Oil Corp and Hindustan Petroleum Corp have secured millions of crude barrels from Angola, Nigeria, and Brazil to bolster national reserves. This strategic procurement follows a significant drawdown in stockpiles due to Strait of Hormuz disruptions.

Inventories have since rebounded, nearing a year-high, signaling a stabilization of India's energy security amidst global market fluctuations and OPEC+ output adjustments.