Nadal remains World No 1 tennis player, Gunneswaran jumps 24 places, ranked 146

Nadal remains World No 1 tennis player, Gunneswaran jumps 24 places, ranked 146

Speed Post News Network Patna : Rafael Nadal ( 7,660 points) , 32, Spain, Novak Djokovic ( 7,445 points), 31, Serbia, and Roger Federer ( 6,260 points) , 37, Switzerland, remain World More »

India biggest producer of carpets with about 35% of global marketshare : PM

Speed Post News Network New Delhi : Prime Minister Narendra Modi on October 21, 2018, addressed via video conference the India Carpet Expo at Varanasi, Uttar Pradesh. Welcoming guests from India and More »

Edmund beats Monfils to win Europen Open tennis title

Edmund beats Monfils to win Europen Open tennis title

Speed Post News Network Patna : World No 15 in ATP rankings Kyle Edmund, 23, UK, beat World No 38 Gael Monfils, 32, France, in a three-set contest to win the men’s More »

Khachanov wins Kremlin Cup men’s singles title

Khachanov wins Kremlin Cup men’s singles title

Speed Post News Network Patna : World No 26 in ATP rankings Karen Khachanov, 22, Russia, beat World No Adrian Mannarino, 30, France, in straight sets to win the Kremlin Cup men’s More »

Kento Momota wins BWF Denmark Open men’s singles title

Kento Momota wins BWF Denmark Open men’s singles title

Speed Post News Network Patna : World No in Badminton World Federation (BWF) rankings and reigning World Champion Kento Momota, 24, Japan, consolidated his position at the top of the rankings by More »

Woman killed, one injured in accident at Bhojpur village

Woman killed, one injured in accident at Bhojpur village

Speed Post News Network Ara : A married woman was killed and another person was injured when their motorcycle collided head-on with a speeding tractor between Perhap-Dulamchak villages under Sahar police station More »

 

Pradhan meets Ambassadors from OPEC coutries to India

Speed Post News Network

New Delhi : Minister of Petroleum & Natural Gas and Skill Development & Entrepreneurship Dharmendra Pradhan on June 14, 2018, met the Ambassadors from OPEC countries to India. The  meeting comes at a crucial time when the global crude oil prices are at the highest since the peak of 2014.

India has a strong engagement with the OPEC countries and top 8 suppliers of crude oil to India are OPEC Member countries. The block accounted for about 83% of India’s total crude oil imports, 98% of our LPG imports and 74% of our LNG imports during the last financial year.

During the meeting, Pradhan expressed his concern about rising crude oil prices and its negative impact on consumers across the world particularly in India. He emphasized that globally crude prices have gone beyond the threshold which can be sustained by the world. He highlighted that market fundamentals do not support such high prices.  He urged the OPEC Ambassadors to convey the message to their respective Governments regarding the need to move to responsible pricing, one that balances the interests of both the producer and consumer. He reiterated the issue of discriminatory pricing through measures such as Asian Premium. Pradhan stressed on moving to transparent and flexible markets for both oil and gas, according to a PIB release.

Pradhan is scheduled to visit Vienna  on June 20&21, 2018, to participate in the 7th OPEC International Seminar to further discuss these key issues with Sanusi Barkindo, Secretary General of OPEC, and Ministers from OPEC member countries who will also be attending the Seminar.

Leave a Reply

Your email address will not be published. Required fields are marked *