.. India Asks Opec To Correct Pricing Anomalies, Assess Impact Of Covid
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06 Nov 2020

Summary

  • India, the world's third-largest oil importer, on Thursday pressed for assessing the impact of COVID-induced disruptions to global energy sector supply chains and said oil-cartel OPEC needs to address anomalies in the crude price differential for different regions.

  • Speaking at the 4th high-level meeting of the India-OPEC Energy Dialogue, Oil Minister Dharmendra Pradhan said OPEC meets 78 per cent of India's crude oil demand, 59 per cent of its LPG needs, and nearly 38 per cent of LNG consumption.

  • India imported USD 92.8 billion worth of hydrocarbons from OPEC countries in 2019-20.

  • The pandemic has impacted ......

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