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1-min read

India Raises Concerns over Rising Oil Prices with Saudi Arabia

Global oil prices rose sharply on fears of a US military attack on Iran that would disrupt flows from the Middle East, which provides more than a fifth of the world's oil output.

Reuters

Updated:June 21, 2019, 10:53 PM IST
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India Raises Concerns over Rising Oil Prices with Saudi Arabia
File photo of Oil Minister Dharmendra Pradhan. (Photo: REUTERS)
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New Delhi: Minister of Petroleum & Natural Gas Dharmendra Pradhan expressed concerns about rising crude oil prices to his Saudi Arabian counterpart, Khalid al-Falih, on Friday amid worsening US-Iranian tensions, a government statement said.

Global oil prices rose sharply on fears of a US military attack on Iran that would disrupt flows from the Middle East, which provides more than a fifth of the world's oil output.

Pradhan told Falih by telephone that he wanted Saudi Arabia to play an active role within OPEC and OPEC+ to keep oil prices at a reasonable level.

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