India says no to IEA's call to release strategic oil reserves
Published on: March 10, 2026, 4 a.m. | Source: Daily Excelsior
NEW DELHI, Mar 9: India will not join the International Energy Agency (IEA) initiative to release strategic oil reserves as part of an effort to cool oil prices, top Government sources said. India, the world’s third-largest oil-importing and consuming nation, has 5.33 million tonnes of underground strategic reserves. But they are only 80 per cent filled currently. G7 nations are due to discuss the possible release of oil reserves to calm markets that have seen crude prices jump to close […]
