Petroleum Minister Dharmendra Pradhan said on Tuesday he was in discussions with oil-producing countries and expected that crude oil prices would “sober” after the next meeting of the Organization of Petroleum Exporting Countries (OPEC), set to happen on July 1.
“Today’s price is a very challenging one. But still, I’m persuading my producer states, and I’ve had very good discussions with OPEC. An OPEC meeting is supposed to be there in the next few days, and I hope the price will be a little bit sober. That’s our expectation,” Pradhan said in an online event by Bloomberg NEF.
