OPEC ignores India s call, Saudi asks New Delhi to use cheap oil it bought last year
India s Oil Minister Dharmendra Pradhan had in the run-up to Thursday s OPEC meeting urged the producers group to ease production curbs to fulfil their promise of stable oil prices.
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. Updated: 05 Mar 2021, 02:14 PM IST PTI
Brent crude, the most widely used benchmark, on Friday rose nearly 1% to $67.44 a barrel after the OPEC and its allies, agreed not to increase supplies in April awaiting more substantial recovery in demand
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NEW DELHI :
International oil prices rose after OPEC and its allies ignored India s plea to ease production control, with Saudi Arabia asking New Delhi to instead use oil it bought at rock bottom rates last year.
OPEC ignores India s call; Saudi asks New Delhi to use cheap oil it bought last yr
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Saudi Arabia asks India to use cheap oil it bought last year to cool prices
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OPEC neglects India s plea to ease output cap, tells to use cheap oil purchased last year
India s Oil Minister Dharmendra Pradhan had in the run-up to Thursday s OPEC meeting urged the producers group to ease production curbs to fulfil their promise of stable oil prices
PTI | March 5, 2021 | Updated 21:48 IST
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International oil prices rose after OPEC and its allies ignored India s plea to ease production control, with Saudi Arabia asking New Delhi to instead use oil it bought at rock bottom rates last year.
Brent crude, the most widely used benchmark, on Friday rose nearly 1% to $67.44 a barrel after the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC, agreed not to increase supplies in April awaiting more substantial recovery in demand.
OPEC ignores India s call; Saudi Arabia asks New Delhi to use cheap oil it bought last year
Saudi energy minister Prince Abdulaziz bin Salman after the OPEC+ decision on Thursday said that India should take some of the crude out of storage that they had purchased.
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NEW DELHI: International oil prices rose after OPEC and its allies ignored India s plea to ease production control, with Saudi Arabia asking New Delhi to instead use oil it bought at rock bottom rates last year.
Brent crude, the most widely used benchmark, on Friday rose nearly 1 per cent to USD 67.44 a barrel after the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, agreed not to increase supplies in April awaiting more substantial recovery in demand.