Image Source: Mint
Global energy markets remain stable despite ongoing geopolitical challenges, according to Oil Minister Hardeep Singh Puri. He emphasized that both producers and consumers must collaborate to ensure a predictable market. India’s diversified sourcing strategy has helped maintain supply security, even as global dynamics shift rapidly.
Show more
Global energy markets are showing resilience despite heightened geopolitical tensions, Oil Minister Hardeep Singh Puri stated on Friday. Speaking ahead of India Energy Week 2026, he highlighted that energy supplies remain sufficient to meet global demand, underscoring the importance of balanced cooperation between producers and consumers.
Key Highlights
-
Energy supplies are adequate worldwide, ensuring demand is met despite geopolitical upheavals.
-
India has diversified crude oil sourcing from 41 countries, reducing reliance on any single supplier.
-
The minister stressed that extreme fluctuations in oil prices harm both producers and consumers, making stability essential.
-
He described the global energy environment as rapidly expanding and changing, requiring adaptive strategies.
-
India Energy Week 2026 in Goa will showcase reforms and policy evolution aimed at strengthening India’s role as a reliable energy partner.
Sources: PTI, The Economic Times, Devdiscourse
Stay Ahead – Explore Now!
Oil Minister Declares Calm: Global Energy Markets Defy Geopolitical Storms
Advertisement
Advertisement