“I am also glad to have a chance to share my considerations with you on how we are going to build up our work in the global energy markets. He is expected to visit Saudi Arabia this autumn. It wants the Kingdom to play an active role within Opec and Opec plus discussions for keeping oil prices at a reasonable level. Retail prices of petrol and diesel in India track global prices of these fuels, not crude, but they are broadly linked to crude oil price trends. Crude oil prices impact India’s oil import bill and trade deficit.

Source: Mint June 29, 2019 18:33 UTC