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The Economic Times

Economy / The Economic Times

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India, Japan agree on crude oil stockpiling & reserve systems

India and Japan are joining forces to bolster energy security, creating joint strategies for crude oil and petroleum product stockpiling to shield consumers and industries from West Asia conflict disruptions. The nations will share market insights, stabilize energy prices, and explore third-country energy sourcing and upstream investments. This collaboration aims to enhance regional energy resilience through shared mechanisms and dialogues.

3 Jul 2026 11:43 pm