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  Business   In Other News  22 Jun 2019  India raises concerns over rising oil prices with Saudi Arabia

India raises concerns over rising oil prices with Saudi Arabia

REUTERS
Published : Jun 22, 2019, 1:39 pm IST
Updated : Jun 22, 2019, 1:39 pm IST

Global oil prices rose sharply on fears of a US military attack on Iran that would disrupt flows from the Middle East

Oil Minister Dharmendra Pradhan.
 Oil Minister Dharmendra Pradhan.

New Delhi: India’s oil minister 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.

Tags: oil prices, dharmendra pradhan, opec, saudi arabia
Location: India, Delhi, New Delhi