Srinagar, Mar 11: India, as an Associate Member of the International Energy Agency (IEA) and an active participant in international energy cooperation, on Wednesday welcomed the IEA’s decision to release emergency oil stocks amid the prevailing supply disruptions.
An official spokesman said that the Centre is closely monitoring the evolving situation in global energy markets, particularly in West Asia.
He said that India stands ready to take appropriate measures, as necessary, to support global market stability in alignment with the efforts of the International Energy Agency.
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