stockpiles and help deal with volatile crude oil prices on the world markets. The cooperation of these large, fast growing Asian economies is crucial for the IEA in its effort to prepare countries to deal with oil emergencies. The US government has urged China, the world’s second largest oil consumer, to join the 27-member IEA,…
MARKETS: India, China to work with IEA on oil emergency measures
Posted on June 18, 2008 by EnergyAsia