India, China Step on the Gas on Oil Sourcing Plan (Livemint)

• The two are in talks to form a consumers’ collective for joint sourcing of oil
• The coming together of China and India may change global energy equations

China and India, the world’s second and third largest oil importers, respectively, are nearing an arrangement to form a buyers’ bloc to bargain collectively for oil supplies and reduce the influence of the Saudi Arabia-led cartel on oil prices, according to three officials aware of the development. READ MORE

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