China, India agree to cooperate over oil

China and India have agreed to share information on what they’re paying for foreign oil and gas for their energy-hungry economies in an effort to tone down a multibillion-dollar rivalry that was driving up asset prices abroad, the Chinese government announced.

The agreement was among five energy cooperation deals signed Thursday during a visit to Beijing by Indian Petroleum and Natural Gas Minister Mani Shankar Aiyar, the government said.