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Govt discusses crude oil market volatility with OPEC secretary general

During telephone conversation with Haitham Al-Ghais India's oil minister Hardeep Singh Puri "emphasized the importance of balancing market stability, affordability, with pragmatism", said statement

crude oil

India imports more than 85% of its oil needs and traditionally relies on Middle Eastern oil producers, most members of the Organization of the Petroleum Exporting Countries, for most of its requirements.

Reuters NEW DELHI

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India, the world's third biggest oil importer and consumer, discussed recent trends and volatility in the global oil market and their impact on global energy stability with OPEC secretary general on Friday, a government statement said.
During the telephone conversation with Haitham Al-Ghais India's oil minister Hardeep Singh Puri "emphasized the importance of balancing market stability, affordability, with pragmatism", said the statement.
India imports more than 85% of its oil needs and traditionally relies on Middle Eastern oil producers, most members of the Organization of the Petroleum Exporting Countries, for most of its requirements.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Apr 19 2024 | 10:11 PM IST

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