{"id":475619,"date":"2022-03-15T09:17:23","date_gmt":"2022-03-15T03:47:23","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=475619"},"modified":"2022-03-15T09:29:33","modified_gmt":"2022-03-15T03:59:33","slug":"govt-indicates-readiness-to-release-more-oil-reserves-amid-ukraine-crisis","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/govt-indicates-readiness-to-release-more-oil-reserves-amid-ukraine-crisis\/","title":{"rendered":"Govt indicates readiness to release more oil reserves amid Ukraine crisis"},"content":{"rendered":"<p>India will take &#8220;appropriate&#8221; steps to calm the rise in oil prices, triggered by Russia&#8217;s invasion of Ukraine, government said on Monday, indicating the country could release more oil from national stocks if required.<\/p>\n<p>India, the world&#8217;s third biggest oil consumer and importer, imports about 85% of its oil needs. <\/p>\n<p>&#8220;Government of India is ready to take all appropriate action, as deemed fit, for mitigating market volatility and calming the rise in crude oil prices,&#8221; MoS Rameswar Teli said in a written reply to lawmakers.<\/p>\n<p>Last month India said it was prepared to release additional crude from its national stocks in support of efforts by other major oil importers to mitigate surging global prices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India will take &#8220;appropriate&#8221; steps to calm the rise in oil prices, triggered by Russia&#8217;s invasion of Ukraine, government said on Monday, indicating the country could release more oil from national stocks if required. India, the world&#8217;s third biggest oil consumer and importer, imports about 85% of its oil needs. &#8220;Government of India is ready to take all appropriate action, as deemed fit, for mitigating market volatility and calming the rise in crude oil prices,&#8221; MoS Rameswar Teli said in a written reply to lawmakers. Last month India said it was prepared to release additional crude from its national stocks [&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-475619","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\/475619","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=475619"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/475619\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=475619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=475619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=475619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}