Pradhan Hopes OPEC will Remember Consumers when Cutting Output

Indian Oil Minister Dharmendra Pradhan said on Friday he was hopeful that Organization of the Petroleum Exporting Countries (OPEC) would keep in mind consumers’ interests before deciding to cut crude oil production.

OPEC tentatively agreed to an oil output cut on Thursday but was waiting for a commitment from non-OPEC producer Russia before deciding on the exact volumes for a production reduction aimed at propping up oil prices.

About core

Check Also

Oil Prices Open 2026 Higher as Geopolitical Risk Rises

Oil prices inched higher in early Asian trading on January 2, the first trading session …

Leave a Reply

Your email address will not be published. Required fields are marked *