By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sign In
Latest World News UpdateLatest World News UpdateLatest World News Update
Notification Show More
Font ResizerAa
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Live Streaming
  • Legal Talk
Reading: “Crude prices will come down as new sources of supplies are coming”: Hardeep Puri – World News Network
Share
Latest World News UpdateLatest World News Update
Font ResizerAa
Search
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Live Streaming
  • Legal Talk
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Latest World News Update > Blog > Business > “Crude prices will come down as new sources of supplies are coming”: Hardeep Puri – World News Network
Business

“Crude prices will come down as new sources of supplies are coming”: Hardeep Puri – World News Network

worldnewsnetwork
Last updated: July 17, 2025 12:00 am
worldnewsnetwork
Share
3 Min Read
SHARE

New Delhi [India], July 17 (ANI): Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, on Thursday expressed optimism about a potential decline in oil prices, citing India’s efforts to diversify its sources of energy imports.

“The price of oil will come down as more sources of supplies are coming. We have enough oil around,” said the minister, highlighting India’s proactive strategy in securing energy supplies from a wider range of countries.

Addressing concerns over potential US sanctions, Puri said. “I am not worried at all. If something happens, we will deal with it,” he said, adding, “Ek darwaja Band hota hai to doosra khul jata hai” (when one door closes another one opens).

He noted that India has significantly broadened its oil import network. “India has diversified the sources of supplies from 27 to 40 countries now. 16 per cent of oil market growth has come from India, and studies show it may go up to 25 per cent.”

Commenting on the possibility of secondary sanctions by the US against countries engaging with Russia, the minister pointed out the global reliance on Russian energy.

He said, “Russia is 10 per cent of global production. We have the analysis that if Russia were not included, the prices would have gone to 130 dollars a barrel. Even Turkey, China, Brazil and even the EU have bought oil and gas from Russia,” he stated.

Last week, the minister said India’s continued purchase of crude oil from Russia helped stabilise energy prices globally, and halting oil trade from Russia would have spiralled crude prices to over USD 120-130 per barrel.

If, out of global oil supplies of around 97 million barrels, 9 million barrels had suddenly vanished, the entire world would have had to reduce consumption by over 10 per cent, which is impossible, he said. (ANI)


Disclaimer: This story is auto-generated from a syndicated feed of ANI; only the image & headline may have been reworked by News Services Division of World News Network Inc Ltd and Palghar News and Pune News and World News

sponsored by

WORLD MEDIA NETWORK


PRESS RELEASE DISTRIBUTION

Press releases distribution in 166 countries

EUROPE UK, INDIA, MIDDLE EAST, AFRICA, FRANCE, NETHERLANDS, BELGIUM, ITALY, SPAIN, GERMANY, AUSTRIA, SWITZERLAND, SOUTHEAST ASIA, JAPAN, SOUTH KOREA, GREATER CHINA, VIETNAM, THAILAND, INDONESIA, MALAYSIA, SOUTH AMERICA, RUSSIA, CIS COUNTRIES, AUSTRALIA, NEW ZEALAND AND MORE

Press releases in all languages

ENGLISH, GERMAN, DUTCH, FRENCH, PORTUGUESE, ARABIC, JAPANESE, and KOREAN CHINESE, VIETNAMESE, INDONESIAN, THAI, MALAY, RUSSIAN. ITALIAN, SPANISH AND AFRICAN LANGUAGES

Press releases in Indian Languages

HINDI, MARATHI, GUJARATI, TAMIL, TELUGU, BENGALI, KANNADA, ORIYA, PUNJABI, URDU, MALAYALAM
For more details and packages

Email - support@worldmedianetwork.uk
Website - worldmedianetwork.uk

India Packages

Read More

Europe Packages

Read More

Asia Packages

Read More

Middle East & Africa Packages

Read More

South America Packages

Read More

USA & Canada Packages

Read More

Oceania Packages

Read More

Cis Countries Packages

Read More

World Packages

Read More
sponsored by

You Might Also Like

BillMart Fintech Disburses ₹2500+ crores: More than 40% disbursed to SMEs and MSMEs – World News Network

BillMart Fintech Disburses ₹2500+ crores: More than 40% disbursed to SMEs and MSMEs – World News Network

Jimmy Kalyana (@jimmyartifex): India’s Master of Freehand Flow and Soulful Ink – World News Network

Pierag Consulting Strengthens Presence with New Mumbai Office – World News Network

moto g96 5G Goes on Sale Today – Featuring Segment-Leading 144Hz 3D Curved pOLED Display & 50MP OIS Sony LYTIA Camera at just ₹17,999 – World News Network

Share This Article
Facebook Twitter Copy Link Print
Share
Previous Article Assam’s Na-mati turns into seasonal haven for Asian Openbill Storks – World News Network
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

- Advertisement -

Latest News

Urban consumers turn value-seeker while Rural India becomes brand conscious: Report – World News Network
Business July 17, 2025
Safer Roads Start Here: Kia India & TSL Foundation Flag Off ‘Kia Buckle Up’ in Gurugram, Ushering in a New Era of Road Safety Innovation – World News Network
Business July 17, 2025
E-WENT Accelerates Affordable EV Rollout with Robust, India-Ready Electric Two-Wheelers – World News Network
Business July 17, 2025
TCL pioneers premium QD MiniLED Technology with the launch of C72K – World News Network
Business July 17, 2025

Sports

“He might have silenced a few of those critics”: Ricky Ponting on Aussie all-rounder Cameron Green’s performance in both innings of third Test against West Indies – World News Network
Sports
“I picked that up from Rishabh Pant”: Deepti Sharma credits Pant for her one-handed six – World News Network
Sports

Popular Category

  • Business
  • Entertainment
  • Health
  • Lifestyle
  • National
  • Science
  • Sports
  • Tech
  • Videos
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Press Release
  • Press Release Distribution Packages

Entertainment

Maharashtra Deputy CM Eknath Shinde praises Aamir Khan’s ‘Sitaare Zameen Par’ at special screening – World News Network
Entertainment
Tomorrowland main stage severely damaged by fire, no injuries reported – World News Network
Entertainment
Latest World News UpdateLatest World News Update
Follow US
Copyright © 2023 World News Network. All Rights Reserved
Welcome Back!

Sign in to your account

Lost your password?