OPEC + plans to raise enough oil to lower oil prices, says Indian oil secretary

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Dubai P፡r አሁን አሁን ክ ክ ክ ክ ክ ክ ክ ክ ክ ለመጨመር ለመጨመር ለመጨመር ለመጨመር ለመጨመር ለመጨመር ለመጨመር አይሆንም አይሆንም አይሆንም አይሆንም አይሆንም ዱ ተናግረዋል ተናግረዋል ተናግረዋል ተናግረዋል ተናግረዋል ተናግረዋል ተናግረዋል ተናግረዋል ተናግረዋል ተናግረዋል ተናግረዋል ተናግረዋል ተናግረዋል ተናግረዋል ተናግረዋል ተናግረዋል ተናግረዋል ተናግረዋል ተናግረዋል ተናግረዋል ተናግረዋል ተናግረዋል ተናግረዋል ተናግረዋል ተናግረዋል

“Even if we go as planned, the gap between supply and demand will remain at least until the end of this year or possibly early next year,” Kapur said during a visit to the Dubai Expo 2020.

He said many member states had not been able to meet their quota requirements even under the current agreement. “Some countries cannot grow according to the quota, so the overall increase is less than what OPEC has declared.

The world’s third-largest crude oil importer was hit hard by the second wave of COVID-19 virus earlier this year, and fossil fuels threatened India’s economic recovery.

“We are not saying that they should produce more than they want,” he said.

Inflation

Rising oil prices, coupled with a shortage of coal, have led to inflation – an economic phenomenon that has pushed up the price of basic consumer goods.

“If the supply of coal or natural resources is short, it will affect the board,” Kapper said. “We have to make sure there are enough supplies and we have to try to keep the price level not only affordable but also understandable.”

Unexpected sharp

According to Kapur, Brent Crude – the world’s largest oil producer – dropped to $ 19-20 a barrel last year, and economists predicted a $ 50-55 return.

“No one is saying that up to $ 84 – when economies recover and energy supplies are needed, all the basic elements that will accelerate economic activity must be available at an affordable price,” Kapper said. .

Looking for investments

India, which exports more than 80 percent of its oil needs overseas, has been seeking partnerships with international oil experts to trade in offshore and offshore oil reserves. “We are looking at some places on the coast in Rajasthan and southern India,” Kapur said.

“We are interested in some international companies – we have met with Schlumberger and Haliburton and some small companies,” he added.

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