Saudi Arabia minister during the OPEC meeting, addressed the concerns raised by Narendra Modi regarding the crude oil prices. While speaking to reporters during the OPEC meeting, Saudi oil minister Khalid Al Falih said; “We take the views of Prime Minister Narendra Modi seriously who (like US President Donald Trump) is equally vocal about the issue.”
He also added, “We just met him in Buenos Aires (during G20 summit) and privately he made those points very very strongly that he does care for Indian consumers and is very serious about it. I have also seen him at three times at various energy events in India where he was very vocal.”
Modi, who represents the world’s third largest oil consuming nation, has been a major voice of oil consuming nations. India is highly dependent on the OPEC to fulfil its energy demand, as 80% of India total oil imports comes from the bloc. Modi has been very strongly making a case for oil producers’ cartel OPEC to price crude at reasonable and responsible rates.
While replying to a question regarding US President’s stance, Al Falih said that President Trump is the president of the largest consuming country in the globe makes up about 20% of the global market and thus the consumer in the US, just like the consumer in any other part of the world wants affordable energy.
He also added, “So, Trump has every right to wish for affordability of energy for the citizens of the United States and he is very vocal using his favourite communication tool which is Twitter and we hear him and we take his views seriously.”