{"id":452189,"date":"2021-11-27T09:07:18","date_gmt":"2021-11-27T03:37:18","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=452189"},"modified":"2021-11-27T09:58:58","modified_gmt":"2021-11-27T04:28:58","slug":"oil-producers-cannot-hold-consumers-to-ransom-says-hardeep-singh-puri","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-producers-cannot-hold-consumers-to-ransom-says-hardeep-singh-puri\/","title":{"rendered":"Oil producers cannot hold consumers to ransom, says Hardeep Singh Puri"},"content":{"rendered":"<p>NEW DELHI (Reuters) &#8211; India said on Friday that oil producing countries cannot hold consumers to ransom, underlining the nation&#8217;s growing frustration with OPEC+ for not raising production to cool prices. <\/p>\n<p>India, the world&#8217;s third-biggest oil importer and consumer, imports about 85% of its oil needs and has been hit hard by rising oil prices. Oil prices eased on Friday, however, on concerns about a new COVID-19 variant detected in South Africa. [O\/R] <\/p>\n<p>&#8220;The producing countries cannot hold the consuming countries to ransom for a variety of reasons. We will make transition and we will do our production and in the short-term we will also deal with it may be by re-orienting our own priorities,&#8221; India&#8217;s oil minister, Hardeep Singh Puri, said at an industry awards event.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI (Reuters) &#8211; India said on Friday that oil producing countries cannot hold consumers to ransom, underlining the nation&#8217;s growing frustration with OPEC+ for not raising production to cool prices. India, the world&#8217;s third-biggest oil importer and consumer, imports about 85% of its oil needs and has been hit hard by rising oil prices. Oil prices eased on Friday, however, on concerns about a new COVID-19 variant detected in South Africa. [O\/R] &#8220;The producing countries cannot hold the consuming countries to ransom for a variety of reasons. We will make transition and we will do our production and in [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-452189","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/452189","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=452189"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/452189\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=452189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=452189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=452189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}