OPEC Would Consider Consumers’ Interests Before Cutting Production: Dharmendra Pradhan

OPEC agrees to cut oil production6Photo© hindustantimes.com

OPEC Would Consider Consumers’ Interests Before Cutting Production: Dharmendra Pradhan

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New Delhi: Oil Minister Dharmendra Pradhan on Friday expressed hope that Organization of the Petroleum Exporting Countries (OPEC) would consider the interests of its consumers before deciding to bring down the production of crude oil.

Speaking to media persons at the 84th Annual General Meeting of the Indian Sugar Mills Association, Pradhan said, ” Yesterday the Saudi Oil Minister spoke about Prime Minister Narendra Modi’s appeal for oil consuming countries before the start of the OPEC Conference.” He added, “This gives us the hope that any decision will be made keeping in mind the interests of consuming countries.”