India wants OPEC to watch out for turbulence at Nov 30 meet

VARANASI: Oil minister Hardeep Singh Puri on Sunday cautioned the OPEC+ grouping of oil exporting countries to watch out for market turbulence at their forthcoming meeting to discuss production plan, saying high prices due to the uncertainties will lead to a drop in demand.

“It is their legitimate right… whatever they want to produce, not produce, or sell.

But be very careful. If we reach a situation where turbulence leads to very high prices, then demand will fall,” Puri told TOI after launchingGAIL’s second floating CNG refuelling facility for boats in Varanasi.