Diverse sourcing a risk to India’s energy security: IEA Markets Head
India is not concerned about voluntary output cuts by the Organisation of Petroleum Exporting Countries (OPEC) or Saudi Arabia’s decision not to expand its production capacity, said Union Minister for Petroleum and Natural Gas Hardeep Singh Puri.
“There is enough oil in the world and new suppliers are coming in,” Puri said on the sidelines of India Energy Week in Goa. “You decide, you want to sell it or you want to keep it in the ground.”
OPEC and Russia had earlier capped their production amid demand destruction from the world’s top cosnumers, the US and China.
