Tag: Organization Of The Petroleum Exporting Countries

New Delhi: India on Tuesday announced a “wait-and-watch” position on the Organization of the Petroleum Exporting Countries’ (OPEC) and non-OPEC producers’ decision last week to lower their production of crude oil by 1.2 million barrels per day for a six-month period. The output cut decision, which was spearheaded by Russia, will come into effect on […]

New Delhi: India on Sunday pressed oil cartel OPEC to adopt “responsible pricing” for oil and consider the world’s third-biggest oil consumer as its preferred sales destination. Oil Minister Dharmendra Pradhan met OPEC Secretary General Sanusi Mohammad Barkindo to discuss “the current scenario of oil and gas industry of the world and exchanged notes on […]