India May Join Coordinated Strategic Oil Reserves Release

India is ready to join the global efforts of major oil consumers led by the United States to reduce oil prices. The world's third-largest oil importer, India, plans to release crude oil from its strategic petroleum reserves in a coordinated effort of consuming nations to bring down prices, three government sources told Reuters on Monday.   The United States has asked the top Asian consumers India, Japan, China, and South Korea to release crude from their respective strategic stockpiles after the OPEC+ group has been ignoring for months calls…