ANI | Confident India will be able to navigate through OPEC+ production cut situation: Hardeep Puri

Oct 08,2022

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Friday (local time) said that India will navigate through the Organisation of Petroleum Exporting Countries Plus (OPEC+) decision to cut oil production from November by a steeper than expected two million barrels per day (bpd). "I say this again with the view of confidence and most analysts feel that the 25 per cent of the global increase in demand will come from India in the coming decade, so, I see this 5 million barrels a day consumption going up to six and seven. the economy is growing at 7 per cent and energy is a critical driver of that economic growth," Puri added.