Source: Reuters (via feed)
India said on Wednesday it was ready to support global oil markets. This statement came as the International Energy Agency (IEA) agreed to release a record 400 million barrels of oil. The release aims to rein in prices which have risen following the U.S.-Israeli war with Iran. India’s readiness is in line with the IEA’s release decision.
BizTrendWire Insight:
India’s statement confirms its support coinciding with the IEA’s record oil release. This is a development in the global oil supply environment.
India’s statement confirms its support coinciding with the IEA’s record oil release. This is a development in the global oil supply environment.
