:: Technical --- ID :: 16333
India flags crude price volatility to Russia
India flags crude price volatility to Russia

India flags crude price volatility to Russia

Minister of Petroleum & Natural Gas and Steel, Dharmendra Pradhan has flagged the growing crude oil price volatility occurring over the last few weeks to Alexander Novak, Minister of Energy, Russian Federation.

During a telephonic conversation with Novak, Pradhan also urged Russia to continue to play a balancing role in its engagement with the Organisation of Petroleum Exporting Countries (OPEC) by taking into account the interests of consuming countries, an official statement said.

Pradhan said that India is interested to further enhance footprints in the Russian exploration and production sector. He also invited Russian oil and gas companies to invest in building gas infrastructure in India and in the expansion of city gas distribution networks.

(Source: Hindu Business Line 05-07-19)