India plans to declare this week about selling about 5 million barrels of oil from strategic reserves. Thus, she will join the US plan of sharing at raw material prices, writes Bloomberg with reference to the source familiar with the situation.
The interlocutor of the publication indication, for a slight volume – half of the country’s day consumption, noted that the Indian authorities are ready for further tranches. The current decision is symbolic as a warning traders. Indian oil will be sold directly to oil refineries.
It will be noted that in addition to India, Japan and South Korea managed to persuade, but how much these countries decided to sell, not reported.
previously became known that Joe Biden on November 23 can make a statement about the release of part of oil from strategic reserves to reduce energy prices.