{"id":345915,"date":"2020-04-08T10:35:46","date_gmt":"2020-04-08T05:05:46","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=345915"},"modified":"2020-04-08T11:04:18","modified_gmt":"2020-04-08T05:34:18","slug":"as-crude-prices-plummet-indias-tanks-are-only-half-full","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/as-crude-prices-plummet-indias-tanks-are-only-half-full\/","title":{"rendered":"As crude prices plummet, India\u2019s tanks are only half full"},"content":{"rendered":"<p>Global crude oil prices are plummeting to historic lows. On Monday, the benchmark North Sea Brent was at $33.52, roughly half of what it was a year ago, but India\u2019s storage tanks are only a little over half full.<\/p>\n<p>India has the capacity to hold 5.33 million tonnes of crude oil, in three underground cavern systems at Visakhapatnam, Mangaluru and Padur (Karnataka), built at a cost of \u20b94,000 crore by the government-owned Indian Strategic Petroleum Reserves Ltd (ISPRL).<\/p>\n<p>HPS Ahuja, CEO and MD of the company, told BusinessLine on Tuesday that 56 per cent of the storage capacity has been filled with crude; the other 44 per cent is being filled in, for which orders have been placed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global crude oil prices are plummeting to historic lows. On Monday, the benchmark North Sea Brent was at $33.52, roughly half of what it was a year ago, but India\u2019s storage tanks are only a little over half full. India has the capacity to hold 5.33 million tonnes of crude oil, in three underground cavern systems at Visakhapatnam, Mangaluru and Padur (Karnataka), built at a cost of \u20b94,000 crore by the government-owned Indian Strategic Petroleum Reserves Ltd (ISPRL). HPS Ahuja, CEO and MD of the company, told BusinessLine on Tuesday that 56 per cent of the storage capacity has been [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-345915","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/345915","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=345915"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/345915\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=345915"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=345915"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=345915"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}