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$INDIANOIL
Indian Oil bought a record share of crude from the spot market last quarter after the Iran conflict upended supplies. Indian Oil Corporation is an Indian state-owned enterprise headquartered in New Delhi , operating in the petrochemical sector . The company controls nearly half of the Indian petroleum products market , 71% of the country's pipeline capacity, and is responsible for 35% of the country's refining capacity . [ 2 ] In 2015, the company ranked 119th on Fortune's Global 500 ranking . [ 3 ]The shift shows how geopolitical turmoil is forcing even the biggest buyers to abandon long-held procurement strategies. https://www.bloomberg.com/news/articles/2026-08-01/indian-oil-buys-record-spot-market-crude-on-mideast-supply-hit?taid=6a6dcd0371891d00011bebef&utm_campaign=trueanthem&utm_content=business&utm_medium=social&utm_source=twitter
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Mayhem mode has ended, either the 24-hour window expired or the SOL reserves were depleted.