{"id":387524,"date":"2020-12-03T11:23:31","date_gmt":"2020-12-03T05:53:31","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=387524"},"modified":"2020-12-03T11:23:31","modified_gmt":"2020-12-03T05:53:31","slug":"its-time-oil-producers-listened-to-consumers-says-pradhan-as-prices-rebound","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/its-time-oil-producers-listened-to-consumers-says-pradhan-as-prices-rebound\/","title":{"rendered":"It\u2019s time oil producers listened to consumers, says Pradhan as prices rebound"},"content":{"rendered":"<p>NEW DELHI: Amid a rebound in global crude prices and OPEC considering extending production cuts, petroleum minister Dharmendra Pradhan on Wednesday called for \u201creasonable and responsive\u201d oil pricing, saying it is time the producers also listened to the consumers as the days of monopoly are over.<br \/>\nFor heft and to underline India\u2019s position in the global energy architecture, Pradhan said the country\u2019s share of total global primary energy demand will nearly double to 11% by 2040 on the back of strong economic growth and its energy consumption will rise at 3% annually till then &#8212; the fastest among major economies.<br \/>\nIndia currently accounts for only 6% of the world\u2019s primary energy consumption and the per capita consumption of energy is still a third of the global average. \u201cBut all that is changing rapidly,\u201d he said, adding that despite the transition to renewables and other alternate energy sources, India\u2019s oil demand would double and gas demand would treble by 2040.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Amid a rebound in global crude prices and OPEC considering extending production cuts, petroleum minister Dharmendra Pradhan on Wednesday called for \u201creasonable and responsive\u201d oil pricing, saying it is time the producers also listened to the consumers as the days of monopoly are over. For heft and to underline India\u2019s position in the global energy architecture, Pradhan said the country\u2019s share of total global primary energy demand will nearly double to 11% by 2040 on the back of strong economic growth and its energy consumption will rise at 3% annually till then &#8212; the fastest among major economies. [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,219,137],"tags":[],"class_list":["post-387524","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/387524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=387524"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/387524\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=387524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=387524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=387524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}