Union Minister for Petroleum and Natural Gas Hardeep Singh Puri highlights the current oil supply situation. He states that global oil production exceeds consumption, but disruptions are causing price increases. Puri notes geopolitical factors, particularly the Russia-Ukraine conflict and challenges in shipping routes. Additionally, he discusses India’s efforts to enhance domestic oil and gas production. Puri expresses optimism about managing India’s energy challenges through collaboration and increased local production.
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