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Crude prices will stay around $65 per barrel: Puri
The New Indian Express Kannur
|May 31, 2025
PETROLEUM minister Hardeep Singh Puri on Friday said oil prices will be around $65 per barrel as ample supplies are available in the market.
Puri, while speaking at the CII Annual Business Summit 2025 in New Delhi, also mentioned that it is highly unlikely that prices will touch $80 per barrel. "My sense is that with more supplies becoming available, prices will be close to $65, not $80 per barrel," said Puri. He further added that high spare production capacity is weighing on the oil market.
This story is from the May 31, 2025 edition of The New Indian Express Kannur.
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