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India, China, Japan, US to release crude oil together to control prices

India, China, Japan, US to release crude oil together to control prices

Nov 24, 2021, at 07:19 am

New Delhi/IBNS: India has agreed to release 5 million barrels of crude oil from its Strategic Petroleum Reserves (SPR) in parallel and in consultation with other major global energy consumers including the USA, China, Japan, and South Korea in order to curb the steep rise in petrol prices.