New Delhi, March 12 -- India, as an Associate Member of the International Energy Agency (IEA) and an active participant in international energy cooperation, welcomed the IEA's decision to release emergency oil stocks amid the prevailing supply disruptions, according to an official release.

The Government of India say it is closely monitoring the evolving situation in global energy markets, particularly in the Middle East.

India stands ready to take appropriate measures, as necessary, to support global market stability in alignment with the efforts of the International Energy Agency, the release stated.

The International Energy Agency (IEA) on Wednesday announced the largest-ever release of emergency oil stocks in its history, making 40...