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

  oil price, PM Narendra Modi

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