Hardeep Puri Discusses Global Oil Market Volatility

23 Apr 2024 CW Team

In a recent meeting between Hardeep Puri, India's Minister of Petroleum and Natural Gas, and the Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), discussions centred around the volatile nature of the global oil markets. Puri engaged in talks aiming to address the challenges posed by fluctuating oil prices, which significantly impact both producers and consumers worldwide. The meeting underscores the importance of international cooperation in stabilising the oil market and ensuring energy security for nations reliant on petroleum resources. Puri's dialogue with OPEC reflects India's proactive approach to managing the effects of oil market volatility on its economy and energy sector. As one of the world's largest oil importers, India plays a pivotal role in shaping discussions surrounding oil production, pricing, and distribution. Puri's engagement with OPEC highlights the significance of collaboration between major oil-producing countries and major consumers to mitigate the adverse effects of market instability. This strategic interaction between India and OPEC underscores the shared interest in fostering stability and predictability in the global oil market, ultimately benefiting both producers and consumers. Amidst evolving geopolitical dynamics and economic uncertainties, such dialogues serve as vital platforms for fostering cooperation and addressing challenges that transcend national boundaries. Puri's efforts reflect India's commitment to actively engage with key stakeholders in the energy sector to promote transparency, sustainability, and resilience in the face of evolving market dynamics.

Products

06 Oct 2025

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India. The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..