{"id":483305,"date":"2022-04-08T10:59:34","date_gmt":"2022-04-08T05:29:34","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=483305"},"modified":"2022-04-08T10:59:34","modified_gmt":"2022-04-08T05:29:34","slug":"india-weighs-joining-iea-emergency-oil-release-plan-to-calm-prices","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/india-weighs-joining-iea-emergency-oil-release-plan-to-calm-prices\/","title":{"rendered":"India weighs joining IEA emergency oil release plan to calm prices"},"content":{"rendered":"<p>NEW DELHI: India is considering joining the International Energy Agency&#8217;s second initiative this year for a co-ordinated release of 120 million barrels of oil from emergency reserves of member countries to calm global oil prices.<br \/>\n&#8220;In the interest of collaborating with like-minded countries on these positive initiatives, Government of India is examining what it can do to support these actions,&#8221; the oil ministry said late on Thursday evening after the IEA governing board confirmed the release of 120 million barrels from emergency stocks of member-countries.<br \/>\nIndia is an IEA associate and not a full member as it does not have the mandated 90 days reserves. That is why many see the ministry&#8217;s statement as an outreach towards the West, which has been critical of increased Russian oil purchase by Indian state-run refiners in recent months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: India is considering joining the International Energy Agency&#8217;s second initiative this year for a co-ordinated release of 120 million barrels of oil from emergency reserves of member countries to calm global oil prices. &#8220;In the interest of collaborating with like-minded countries on these positive initiatives, Government of India is examining what it can do to support these actions,&#8221; the oil ministry said late on Thursday evening after the IEA governing board confirmed the release of 120 million barrels from emergency stocks of member-countries. India is an IEA associate and not a full member as it does not have [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,219,137],"tags":[],"class_list":["post-483305","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/483305","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=483305"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/483305\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=483305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=483305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=483305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}