Oil cartel OPEC will consider views of world leaders such as Prime Minister Narendra Modi, who represent the voice of major consuming nations, with seriousness before taking a decision on cutting output to support falling prices, Saudi oil minister Khalid Al Falih said Thursday.
India is the world’s third largest oil consuming nation, which is more than 80 per cent dependent on imports to meet its energy needs. Led by Modi, it has been very strongly making a case for oil producers’ cartel OPEC to price crude at reasonable and responsible rates.
Speaking to reporters at the meeting of the Organisation of Petroleum Exporting Countries (OPEC), he said: “We take the views of Prime Minister Narendra Modi seriously who (like US President Donald Trump) Read More
Latest posts by The Hindustan Times (see all)
- Railways readies 41 projects at Rs 700 crore cost for Kumbh Mela - December 13, 2018
- NMRC Aqua Line likely to be inaugurated on December 25, final inspection begins today - December 11, 2018
- Oil companies invite applications for setting up 922 petrol pumps in Pune district - December 10, 2018