Hardeep Puri Engages in Discussions with OPEC Secretary-General on Global Oil Market Volatility

25 Apr 2024 CW Team

Hardeep Singh Puri, India's Petroleum and Natural Gas Minister, recently engaged in discussions with the Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC) to address the volatility observed in global oil markets. The talks between Puri and the OPEC Secretary-General signify efforts to navigate the challenges posed by fluctuations in oil prices and market dynamics.

The dialogue between India's Petroleum Minister and the OPEC Secretary-General reflects India's proactive approach to addressing issues impacting the energy sector. As one of the world's largest consumers of oil, India has a vested interest in promoting stability and transparency in global oil markets to ensure energy security and mitigate economic risks.

The discussions centred on understanding the factors contributing to the volatility in oil markets and exploring potential measures to stabilise prices and enhance market predictability. Collaboration between India and OPEC underscores the importance of dialogue and cooperation in addressing shared challenges and promoting sustainable energy solutions.

As the global economy continues to recover from the impact of the COVID-19 pandemic, the oil market remains susceptible to various geopolitical and economic factors. India's engagement with OPEC highlights the need for multilateral efforts to manage market uncertainties and foster a conducive environment for sustainable growth and development.

Moving forward, continued dialogue and cooperation between India and OPEC are essential for navigating the complexities of the oil market and ensuring a stable and resilient energy landscape. By working together, stakeholders can address challenges effectively and promote stability, transparency, and sustainability in the global oil market.

Infrastructure Urban

10 Apr 2026

HNGIL Appoints Bharathi Mangaiahgari as CHRO

India’s leading container glass manufacturer, Hindusthan National Glass & Industries (HNGIL), has appointed Bharathi Mangaiahgari as Chief Human Resources Officer.With nearly three decades of experience in human resources, Bharathi will work closely with the leadership team on the company’s people strategy and workforce planning. Her appointment comes as HNGIL sharpens its transformation agenda and operational priorities following a change in ownership last year.Her experience spans technology, manufacturing, renewables, infrastructure, biotech, pharmaceuticals and EPC. She has also wo..

Nexus Select Trust To Acquire Diamond Plaza Mall, Kolkata

Nexus Select Trust has agreed to acquire Diamond Plaza mall in Kolkata for Rs 3.475 billion (bn). The announcement was made on April nine, 2026 and identified the asset as a retail mall in the city of Kolkata. The purchase consideration was specified as Rs 3.475 bn, reflecting the conversion of the amount originally stated in crores. The transaction price was presented in the company statement without further financial breakdown. The mall will be added to the trust's portfolio of income producing retail assets and is expected to broaden its geographic footprint in eastern India. The announceme..

Madhya Pradesh Cabinet Approves 437 Acres for Ujjain Airstrip Expansion

The Madhya Pradesh cabinet has approved the acquisition of 437 acres of land to expand the airstrip at Ujjain. The decision, taken by the state executive, clears the way for a significant enlargement of the existing facility and its surrounding operational area. The approval marks a key administrative step towards upgrading aviation infrastructure in the region. The land will be formally earmarked for the project under the state acquisition plan. The expansion is intended to improve regional connectivity and to support increased civil aviation operations at the site. Officials have outlined pl..