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Indian oil firm warns OPEC
July 12, 2018

Indian oil firm warns OPEC

Raising his concerns over increasing crude prices, the Chairman of IOCL, India’s biggest refiner, has warned OPEC to reduce oil prices or face the risk of limited purchase from the country. India is positively looking towards crude oil alternatives such as electric vehicles and gas. He laid emphasis on the fact that oil demand cannot be viewed in isolation to oil prices, considering the price sensitive market of India.

   Read More About : Crude Oil IOCL Oil Prices OPEC Oil Supply
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