Indian energy minister warns of ‘organized chaos’ if oil tops $100 per barrel
Publishing timestamp: 2023-10-04 01:26:53
Summary
India's minister of petroleum and natural gas warns of "organized chaos" if oil prices go above $100 per barrel, but believes India is well positioned to handle higher costs. He expresses concern for other developing countries and highlights the impact of rising oil prices on poverty. The minister also emphasizes the need for oil producers to consider the struggles of consuming countries and discusses India's progress in sustainable energy transition.
Sentiment: MIXED
Tickers: IOC-IN, @CL.1, ONGC-IN, BPCL-IN,
Keywords: india, asia economy, environment, business news, prices, bharat petroleum corporation ltd, oil and gas, sustainable energy, indian oil corpn ltd, oil and natural gas corporation ltd,