AOMORI, Japan, June 7 (Xinhua) -- High level officials from China, India, the United States, Japan and South Korea gathered Saturday in northeastern Japan's Aomori city to talk about a series of energy-related issues such as countermeasures against rocketing crude oil prices.

    At the five-party energy meeting, China and India, the two rising economies whose energy demands surged with significant economic developments, are scheduled to agree to cooperate with the International Energy Agency (IEA) to help stabilize the market with oil stockpiles in case of world oil price turbulence, sources, who asked not be named, told Xinhua.

    IEA members, which have been desiring for pulling China and India into the global oil market stabilization framework, will help the two countries to establish oil stockpile system and introduce techniques about how to employ the stockpiled reserves.

    Participation of China and India will strongly enforce the competence of the framework, officials from Japan's Economy, Trade and Industry Ministry said.

    At the end of the one-day meeting, a declaration calling for joint efforts by the five countries to stabilize the world energy market is to be issued.

    The five-party energy meeting, the second of its kind following the first one in Beijing in December 2006, was one day prior to the Group of Eight Energy Ministers Meeting and the meeting between G8 energy ministers and their counterparts from China, India and South Korea.

    The G8 Energy Ministers Meeting is one of the ministerial meetings in the run up to the G8 summit to be held on July 7-9 in northern Japan's Hokkaido Prefecture.