Petroleum Minister discusses global oil, gas markets with energy expert flags Hormuz disruption, rising prices
New Delhi, Oct. 24 -- Union Minister for Petroleum and Natural Gas Hardeep Singh Puri has discussed the forces shaping global oil, liquefied natural gas (LNG) and liquefied petroleum gas (LPG) markets with energy expert Fereidun Fesharaki, highlighting rising supply from the Americas, muted global demand growth and volatility arising from the conflict in West Asia.
In a post on X on Saturday, Puri said the discussions covered changes in global energy supply and demand, with North and South America producing record volumes of crude oil and new supply centres emerging even as demand growth remained subdued in much of the world.
India, however, remained an exception, with Puri describing it as the world's fastest-growing and largest source...
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