November 5, 2024 2:15 PM

Union Minister Puri predicts stable oil prices in India, calls for producer-consumer dialogue

Oil prices in India are expected to remain stable amid the rising geopolitical tensions as the country has several options to buy crude oil, said Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, on Tuesday. Addressing concerns over potential supply chain disruptions, Puri emphasized that India has strategically positioned itself to manage such situations effectively, with access to a diverse range of crude oil suppliers. "More supplies from countries such as Brazil and Guyana ...