Tag: GAIL

India wants OPEC to watch out for turbulence at Nov 30 meet
Business

India wants OPEC to watch out for turbulence at Nov 30 meet

VARANASI: Oil minister Hardeep Singh Puri on Sunday cautioned the OPEC+ grouping of oil exporting countries to watch out for market turbulence at their forthcoming meeting to discuss production plan, saying high prices due to the uncertainties will lead to a drop in demand.“It is their legitimate right… whatever they want to produce, not produce, or sell.But be very careful. If we reach a situation where turbulence leads to very high prices, then demand will fall,” Puri told TOI after launchingGAIL’s second floating CNG refuelling facility for boats in Varanasi.In the context of extended production cuts by OPEC+ grouping being held responsible for oil market volatility, Puri’s remarks can be interpreted as a warning bell on loss of market — especially amid shifting direction of energy flo...