India Supports IEA Record Emergency Oil Stock Release

India will support global oil markets as the IEA releases 400 million barrels of crude. New Delhi also ordered refiners to boost domestic gas production.

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The government of India has announced its readiness to support global oil markets following a decision by the International Energy Agency (IEA) to release a record 400 million barrels of oil. This emergency measure is intended to stabilize energy prices, which have surged since the outbreak of conflict involving the United States, Israel, and Iran.

In an official statement, the Indian government confirmed its commitment to international cooperation and market stability.

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