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According to Golden Ten Data on March 7, senior Indian government sources have alleviated concerns that the current global energy situation could pose a crisis for India. The sources stated that India currently possesses over 250 million barrels (approximately 40 billion liters) of crude oil and petroleum products, providing about 7-8 weeks of buffer inventory throughout the entire supply chain. These reserves are not stored in a single location or in a single form. They are distributed across above-ground storage tanks, underground strategic caverns, pipeline systems, dockside tanks, oil tankers at sea in transit, as well as three dedicated strategic petroleum reserve facilities located in Mangalore, Padur, and Visakhapatnam. According to official sources, India's inventories of crude oil, gasoline, diesel, aviation fuel, liquefied petroleum gas, and liquefied natural gas are sufficient to cope with short-term supply disruptions, while continuing to source energy from multiple global suppliers. The sources added that claims about a complete halt in global oil supply or that India has only 25 days of reserves left are incorrect and do not reflect the actual supply and inventory situation.

BlockBeats news, on March 7, according to monitoring by Onchain Lens, a wallet associated with MakerDAO founder Rune Christensen deposited 4 million USDC into HyperLiquid, and opened long positions with 20x leverage on CL and 7x leverage on BRENTOIL on trade.xyz.

 according to Onchain Lens monitoring, a wallet associated with Rune Christensen deposited 4 million USD Coin (USDC) into #HyperLiquid and opened the following long positions on Trade.xyz: Crude Oil Futures (CL): 20x leverage long Brent Crude Oil (BRENTOIL): 7x leverage long