Petrol @ 100: India urges OPEC to ease output cuts
New Delhi: India has appealed to key oil producers to increase supply to check rising prices that have begun to hurt consumers and the economic recovery.
“It is in this interest of allowing demand recovery to take primacy over crude prices at least over the next few months, I’m appealing for easing of production cuts by the key oil-exporting countries including OPEC and OPEC plus group,” petroleum and natural gas minister Dharmendra Pradhan told a virtual gathering that included Saudi oil minister Abdulaziz bin Salman Al Saud, OPEC secretary-general Mohammad Sanusi Barkindo and International Energy Agency chief Fatih Birol.
