India asks oil-producing nations to ease crude oil production cuts

The Ministry of External Affairs has requested oil-producing nations to ease the production cuts that were put in place last year due to a dramatic drop in consumption across the globe.

Speaking at a media briefing, MEA spokesperson Arindam Bagchi said, “India has been appealing to OPEC and OPEC plus countries to ease crude oil production cuts that were announced last year. We believe crude supply should be market-determined rather than artificially managed.”

He further said that OPEC and OPEC plus countries have announced slight easing off last week but we expect more.