Oil minister Hardeep Singh Puri hopes global oil prices will come down

India's Minister of Petroleum and Natural Gas, Hardeep Singh Puri, expressed optimism that global oil prices will decrease despite ongoing geopolitical tensions, citing increased supply from countries like Brazil and Guyana. He emphasised that the...

By Reuters | Updated: Oct 22, 2024, 01.37 PM IST

Minister of Petroleum and Natural Gas of India Hardeep Singh Puri hopes that global oil prices will come down despite geopolitical tensions as more supplies are coming into the market.

There is no shortage of oil in the world as more supplies are coming into the market from countries such as Brazil and Guyana, Hardeep Singh Puri said on Tuesday.

"Prices should hopefully come down, and that's my personal opinion," he said.

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