With global crude prices touching USD 80 a barrel, Oil Minister Dharmendra Pradhan has pressed OPEC kingpin Saudi Arabia to keep prices stable and moderate, saying that spike in rates would have a negative impact on Indian consumers as well as the economy.
Pradhan conveyed India’s concerns when Saudi Arabian Minister of Energy, Industry and Mineral Resources Khalid Al-Falih called him last evening “to discuss continued joint cooperation between the two countries and in particular the current oil market situation”, an official statement said here.
Brent crude oil, which breached USD 80 a barrel mark yesterday, was trading at USD 79.54 today, the highest level since November 2014. Read More
Latest posts by ET Energy World (see all)
- Ratnagiri refinery: Aramco CEO says will catch up in case of delay due to location shift - February 20, 2019
- Maharashtra solar auction winning tariffs remain unchanged at Rs 2.74 per unit - February 19, 2019
- NHPC issues Rs 1,500 crore bonds - February 18, 2019