SG Talk

Sanjay Dutta / TNN / Updated: Nov 18, 2021, 23:26 IST< ..


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US has sought a co-ordinated release of strategic crude reserves by India, China, Japan and South Korea with a view to taming prices, a move New Delhi said was futile as it would have little impact.

“Strategic oil reserves weren’t ever intended for a situation like this… It’s for a force majeure situation, if there’s an earthquake, a global outbreak of hostilities, and oil supplies are shut,” India’s oil minister Hardeep Singh Puri



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India has nothing to contribute!

US corp. owned by England needs Inflation as she is a POKKAI
Opening up weaken Asians.

(19-11-2021, 01:22 PM)cityhantam Wrote: [ -> ]India has nothing to contribute!

But millions of construction workers, can be exported...

I don't think India has much oil reserves to release. Coconut oil maybe

(19-11-2021, 01:22 PM)cityhantam Wrote: [ -> ]India has nothing to contribute!

got, they have tons of cow dungs snd urine what

At 39 million barrels against a daily demand of nearly 5 million barrels a day, India's strategic reserves are a fraction of 714 million barrels of the US, 475 million barrels of China and 324 million barrels of Japan, which, under law, cannot tap the reserves for market intervention.16 hours ag

Endia is uncooperative