No dearth of crude oil in global market, says Union Minister Dharmendra Pradhan

INSUBCONTINENT EXCLUSIVE:
ANI | Updated: Jan 12, 2020 04:16 IST
Kolkata (West Bengal) [India], Jan 12 (ANI): Minister of Petroleum and Natural Gas Dharmendra Pradhan on Saturday said that
there was no dearth of crude oil in global market and government was keeping a sharp eye on the global developments.Speaking to reporters on
the sidelines of an event, Pradhan said, "Due to geopolitical situation, conflict in the Middle East there was a spike in the price of crude
oil
It is subdued in the last two weeks
Let us wait and watch, let's not create panic
Things are under control
Government of India (GoI) has kept a sharp eye on global development."He also appealed to oil-producing countries and their leadership for
peace and stability in the global economy."There is no dearth of crude oil in the global market
We are taking it from OPEC, OPEC+, non-OPEC countries
Issue is - price
We are appealing to oil-producing countries and responsible leaderships that there should be peace and stability in the global economy", he
added.Earlier in the day, Pradhan had launched PURVODAYA: Accelerated development of eastern India through integrated steel hub in Kolkata
(ANI)