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India, UAE Forge Energy Partnership to Bolster Strategic Reserves

India and the United Arab Emirates have agreed to expand joint crude oil and natural gas stockpiles, marking a significant move by the world's third-largest oil consumer to insulate itself against future supply disruptions. The accord emerged during high-level discussions centered on energy security as geopolitical tensions persist across West Asia. The partnership framework also encompasses broader defense cooperation between the two nations. Refinery demand for medium-sour crude grades has intensified, with Asian buyers offering premiums reaching $20 per barrel above official pricing as regional supply chains face strain. The UAE is simultaneously doubling its oil export capacity to bypass the Strait of Hormuz by next year, reducing dependency on the critical shipping chokepoint. The coordinated moves reflect growing recognition among major Asian energy consumers of the need for supply resilience.