New Delhi: As the
Members of the group gathered on Thursday to find a way
said that the grouping of
producing nations like the Prime Minister
and US President
with seriousness before taking a final decision on the issue
Talking to reporters after arriving in Vienna,
‘s oil minister Khalid Al-Falih said, “We take the views of Prime Minister Narendra Modi serious who is vocal about the issue. We have done in Buenos Aires (G20 summit during) where PM Modi made it clear that He cares for Indian consumers and is very serious about it. I have also seen him at various energy events in India where he is very vocal. ”
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Khalid Al Falih was actually asked a question on US President Donald Trump Responding to the reporter, Al Falih started by saying that the President trump is taken seriously. However, Al Falih was quick to add that he also considered the views of Prime Minister Narendra Modi with equal importance.
The Saudi energy minister recalled the bilateral meeting between India and Saudi Arabia on the sidelines of the G20 meeting last week in Buenos Aires. He said Prime Minister Modi “put his views very strongly, that he cares for the Indian consumer.”
The Saudi energy minister also recalled three previous meetings with Prime Minister, and said that the Prime Minister had been “very vocal.” In continuation, Khalid al Falih also said that the consumer is an important part of the deliberations, even if he is not physically present in the room
Crude prices have been falling since October because major producers _ including the US _ are pumping oil at high rates and due to fears that weaker economic growth could dampen energy demand. The price of both benchmarks US crude and the standard for internationally traded oil fell 22 percent in November.
The fall in the price of oil will be a help to many consumers as well as energy-hungry businesses, especially at a time when global growth is slowing.
(With agency inputs)