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India’s Minister of Petroleum and Natural Gas, Hardeep Singh Puri, recently stated that India is expanding the scale of domestic crude oil exploration in order to increase its domestic energy supply and reduce dependence on imported energy. AFP reported on the 5th that in recent months, restricted passage through the Strait of Hormuz has led to shortages in India’s energy supply. Puri told AFP that this has prompted India to further intensify efforts to expand domestic energy supply, “We are currently promoting the tendering of approximately 250,000 square kilometers of unexplored areas.” Data from India’s petroleum sector shows that India’s domestic crude oil production for fiscal year 2025 (from April 1 of that year to March 31 of the following year) is 25.98 million tons, equivalent to about 522,000 barrels per day, which is lower than the peak production of more than 900,000 barrels per day in 2011, and can only meet about 10% of the country’s crude oil demand. To address supply shortages, India has increased the number of crude oil suppliers from 27 to 41, adding countries such as Iran and Venezuela, and has also intensified procurement from Russia and several African nations.

The newly created wallet 0x016 deposited 2.67 million USDC into HyperLiquid and opened a long position of 1.62 million LIT with 2x leverage. The current unrealized profit has exceeded $330,000.

Foresight News reported, according to monitoring by Onchain Lens, a certain address created a new wallet and deposited 2.67 million USDC into Hyperliquid to open a 1.62 million US dollar long position on LIT, using 2x leverage. Currently, it has earned over 330 thousand US dollars in profit.