India Again Urges OPEC+ to Boost Oil Supply Amid Price Concern
- Crude priced in local currency is nearing 2007-2008 levels
- Country has previously raised concerns over OPEC+ policy
Photographer: FreddyTb/Getty Images
This article is for subscribers only.
India has once again urged OPEC and its allies to revive halted oil production as the world’s third-biggest consumer expressed “deep concern” over spiraling energy prices.
“High crude prices are adding significant inflationary pressure on India,” Oil Minister Dharmendra Pradhan told OPEC’s top official during a video-conference on Thursday, according to a statement on Twitter. He called for “affordable” supplies, with prices in a “reasonable band,” and repeated a request for OPEC+ to boost production.