Updated: April 12, 2023, 06:42 PM IST
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The International Energy Agency (IEA) has warned that… MoreThe International Energy Agency (IEA) has warned of a possible burden on the Indian economy due to OPEC+ reducing production. Responding to a question about the possible impact of Saudi Arabia’s oil production cut on countries like India, Fatih Birol, Executive Director of the International Energy Agency told ANI, “India is a country that imports energy and oil. Most of the oil consumed in India is imported. Such a move could increase India’s oil import bill, which could put a burden on the Indian economy and consumers.