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Oil prices to stay stable: Minister Puri
The Business Guardian
|November 06, 2024
Oil prices in India are expected to remain stable amid the rising geopolitical tensions as the country has several options to buy crude oil, indicated Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri in a social media post.
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Addressing concerns over potential supply chain disruptions, Puri emphasized that India has strategically positioned itself to manage such situations effectively, with access to a diverse range of crude oil suppliers.
"More supplies from countries such as Brazil and Guyana are coming into the market. Currently, the global supply of oil outpaces the consumption ensuring a stable market," Puri said in a social media post on Tuesday. He also added that "Despite geopolitical tensions in some parts of the world, there is no shortage of crude oil in the world. Consuming countries have several options to choose from".
Cette histoire est tirée de l'édition November 06, 2024 de The Business Guardian.
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