Oil
Oil price above $100 won’t be in ‘anyone’s interest’: Indian minister
India will manage if the price of oil goes above $100 per barrel even though such a price would not be in “anyone’s interest,” the country’s petroleum minister said on Tuesday at a conference in Abu Dhabi.
“"If the price goes above $100, this thing is not going to be in the interest of either producing country or anyone’s interest. You will have large organized chaos,” Hardeep Singh Puri said without elaborating.
For the latest headlines, follow our Google News channel online or via the app.
“I hope it doesn’t go above $100 ... you should not be worrying about the impact on India. India will manage. India is a large economy. It has a lot of domestic production. We’ll cut back, we’ll do something ... I would worry about what happens to other parts of the developing world.”
Read more: Russia says oil sales to India surged amid Ukraine conflict
Also Read
-
Germany snapping up refined oil products from India amid Russia sanctions: Data
German imports of refined oil products from India soared in the first seven months of the year, official data showed on Tuesday, much of which was ... Energy -
India continues buying Russian oil even as prices climb
Indian buyers, key consumers of cheap Urals crude since the invasion of Ukraine, have no plans to turn away from Moscow even as the discount to global ... World News -
Low-profile traders help ship half Russia’s oil exports to India, China
A Liberian-flagged oil tanker set sail in May from Russia’s Ust-Luga port carrying crude on behalf of a little-known trading company based in Hong ... Energy -
Saudi Aramco sees ‘sound’ oil outlook for second half on China, India demand
Saudi Aramco believes market fundamentals remain “sound” for the second half as demand from emerging markets led by China and India will offset ... Energy -
Top shipper of Russian oil gets Indian cover as Western certifiers exit
An Indian agency has stepped in to provide safety certification for most of Gatik Ship Management’s fleet, a major carrier of Russian oil to India, ... World News -
Russian oil is still powering Europe’s cars with help of India
Russian oil is still powering Europe — just with the help of India.Back in December, the European Union barred almost any seaborne crude oil imports ... World News -
Russian oil welcome in India as trade booms, new refiner says
Russia’s oil exports to India are continuing without any hiccup as the nation’s users become more adept at arranging cargoes to feed burgeoning ... World News -
Russia says oil sales to India surged amid Ukraine conflict
Russian oil sales to India surged more than twentyfold last year as European buyers turned to other markets following the conflict in Ukraine, ... World News -
India is buying Russian oil below western price cap, officials say
The Biden administration will continue to discuss India’s purchases of Russian oil with government officials but is satisfied so far that New Delhi is ... World News
