Opec: Goa to get energetic - The Economic Times
Amid the tussle with producers in the past few years, what worked for consuming countries was the massive release of emergency crude stock, mainly by the US, which partly offset the price impact from Opec supply cuts. With a small emergency reserve, Indias support was primarily moral. The lesson is that a sizeable strategic reserve is critical to influencing the global market.
Source: indiatimes.com