Oil buyers club
India and China can prepare oil buyers club to keep prices of the oil and petroleum products under control
2005 it was suggested to have oil buyers club
Mani Shankar aiyar from India cabinet minister suggested first you have such a club to counteract opaque which is oil producing and exporting countries
OPEC has Monopoly on oil prices
How many countries might oppose and register form oil buyers club buy India and China because it is not in their favour
Japan South Korea can be included to major impact as they need more oil and petroleum products
India China Japan and South Korea can have more more buyers power over petroleum prices
These countries are forming joint working group and logistic issues will also be discussed
These countries consume one third of world's oil and petroleum product
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