{"id":475768,"date":"2022-03-15T10:24:04","date_gmt":"2022-03-15T04:54:04","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=475768"},"modified":"2022-03-15T11:15:04","modified_gmt":"2022-03-15T05:45:04","slug":"india-indicates-readiness-to-release-more-oil-reserves-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/india-indicates-readiness-to-release-more-oil-reserves-2\/","title":{"rendered":"India indicates readiness to release more oil reserves"},"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, the junior oil minister 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 per cent 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; 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, the junior oil minister 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 per cent 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; Rameswar Teli said in a written reply to lawmakers. Last month India said it was prepared to release additional crude [&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":[146,130,177],"tags":[],"class_list":["post-475768","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/475768","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=475768"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/475768\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=475768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=475768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=475768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}