Opec rationing a cause of concern for India, says Dharmendra Pradhan

The Organization of the Petroleum Exporting Countries’ (Opec’s) move to cut crude oil production should not be one-sided and the interest of consumer nations should be taken into account for whom “rationing will be a cause of concern”, Petroleum Minister Dharmendra Pradhan (pictured) said on Tuesday.

The oil cartel has decided to cut production by close to 1.2 million barrels per day (mbpd) following a drop in international crude oil prices in the last one month. “The cut in oil production should not be one-sided. The demand or the requirement of the consuming nations should be taken into account. Rationing of