{"id":451490,"date":"2021-11-24T08:46:15","date_gmt":"2021-11-24T03:16:15","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=451490"},"modified":"2021-11-24T10:49:40","modified_gmt":"2021-11-24T05:19:40","slug":"india-to-release-5-mn-barrels-of-crude-from-reserves-in-bid-to-cool-prices","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/india-to-release-5-mn-barrels-of-crude-from-reserves-in-bid-to-cool-prices\/","title":{"rendered":"India to release 5 mn barrels of crude from reserves in bid to cool prices"},"content":{"rendered":"<p>India will release 5 million barrels of crude oil from its strategic petroleum reserves in a concerted effort to bring down global crude oil prices. This is roughly equivalent to a day\u2019s consumption in the country.<\/p>\n<p>Sector watchers say while the quantity is not big, it is a symbolic gesture that has wider implications for the global energy markets.<\/p>\n<p>\u201cIndia has agreed to release 5 million barrels of crude oil from its Strategic Petroleum Reserves. This release will happen in parallel and in consultation with other major global energy consumers including the US, People\u2019s Republic of China, Japan and the Republic of Korea,\u201d the oil ministry said in a statement on Monday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India will release 5 million barrels of crude oil from its strategic petroleum reserves in a concerted effort to bring down global crude oil prices. This is roughly equivalent to a day\u2019s consumption in the country. Sector watchers say while the quantity is not big, it is a symbolic gesture that has wider implications for the global energy markets. \u201cIndia has agreed to release 5 million barrels of crude oil from its Strategic Petroleum Reserves. This release will happen in parallel and in consultation with other major global energy consumers including the US, People\u2019s Republic of China, Japan and the [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-451490","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/451490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=451490"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/451490\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=451490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=451490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=451490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}