India is concerned about the volatility in crude oil prices after the drone attack on Saudi Arabia’s oil production facilities substantially hit output said Minister for Petroleum and Natural Gas, Dharmendra Pradhan.
“The volatility in crude oil prices is a matter of concern. We should live in reality that these fluctuations build anxiety in the energy market,” Pradhan said on the sidelines of an event to mark the award of contract for setting up a coal gasification unit for production of urea ammonia by Talcher Fertiliser Limited.
Pradhan said that India continues to lift crude oil from Saudi Arabia and contractual commitments are being met. He said that Indian refiners lifted crude from Saudi Arabia both yesterday and today. Read More
Latest posts by The Hindu Businessline (see all)
- India looks to consolidate oil-spill handling equipment at ports - October 18, 2019
- Going in for fleet mode for constructing new nuclear power plants: Atomic Energy Commission Chairman - October 18, 2019
- Oil majors have realised that this is the time to look at India: Dharmendra Pradhan - October 18, 2019