NCLAT: Can’t Dismiss Restoration App. if Filed in 30 Days from Date of Dismissal of Original App.  ||  Delhi HC: Communication between Parties through Whatsapp Constitute Valid Agreement  ||  Delhi HC Seeks Response from Govt. Over Penalties on Petrol Pumps Supplying Fuel to Old Vehicles  ||  Centre Notifies "Unified Waqf Management, Empowerment, Efficiency and Development Rules, 2025"  ||  Del. HC: Can’t Reject TM Owner’s Claim Merely because Defendant Could have Sought Removal of Mark  ||  Bombay HC: Cannot Treat Sole Director of OPC, Parallelly with Separate Legal Entity  ||  Delhi HC: Can Apply 'Family of Marks' Concept to Injunct Specific Marks  ||  HP HC: Can’t Set Aside Ex-Parte Decree for Mere Irregularity  ||  Cal. HC: Order by HC Bench Not Conferred With Determination by Roster is Void  ||  Calcutta HC: Purchase Order Including Arbitration Agreement to Prevail Over Tax Invoice Lacking it    

India welcomes the announcement by the IEA for collective oil stock release of 120 million barrels- (Press Information Bureau) (07 Apr 2022)

MANU/PIBU/1766/2022

Civil

Government of India welcomes the announcement by the International Energy Agency for collective oil stock release of 120 million barrels. Government of India has also taken note of the US Government's decision, late last month, to release 180 million barrels from its Strategic Petroleum Reserves, over the next 6 months, to calm rising global fuel prices.

In the interest of collaborating with like minded countries on these positive initiatives, Government of India is examining what it can do to support these actions.

As a major consumer of energy, India has consistently espoused the importance of stable, affordable and accessible global energy markets. Government of India, therefore, hopes that these initiatives will bring equanimity to global energy markets.

Tags : ANNOUNCEMENT   IEA   OIL STOCK RELEASE  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved