💨 Abstract

Oil prices in India are expected to remain stable due to the country's diverse range of crude oil suppliers, as stated by Union Minister Hardeep Singh Puri. He emphasized that India's strategic positioning and access to additional supplies from countries like Brazil and Guyana ensure a stable market. Global oil supply outpaces consumption, ensuring a balanced market. India's oil companies will continue to prioritize cost-effective suppliers.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖