💨 Abstract

India, the world's third-largest oil importer, can navigate any potential disruptions to Middle East oil supplies due to an excess of global oil supplies, according to Oil Minister Hardeep Singh Puri. Despite fears of a wider Middle East conflict, Puri believes there is enough oil available and new suppliers in the market. The Organisation of the Petroleum Exporting Countries (OPEC) and allies are due to raise production from December.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖