NEW DELHI: India on Thursday put the onus of long-term prosperity of the world oil market on OPEC and called upon the grouping of exporting countries to maintain market stability for the benefit of consumers, producers and global economy.
At the 6th meeting of the Indian-OPEC Energy Dialogue in Vienna, oil minister Hardeep Singh Puri spoke up for the buyers, leveraging India’s position as the world’s third-largest energy consumer, oil importer and fourth-largest refiner to point out that “close ties between India and OPEC are not only essential but also natural.”
