⚠️ West Asia Crisis Might Get Worse, Says Puri
Petroleum Minister Hardeep Singh Puri stated on Thursday that the West Asia crisis remains ongoing and could potentially worsen. He mentioned this during PAFI’s 13th Annual Forum in New Delhi. Globally, there is currently about 102 million barrels of crude available daily, meeting the 94-95 mbd requirement. The bigger worry is simultaneous disruption of key routes like the Strait of Hormuz and Red Sea. India is expanding refining capacity to 310-320 million tonnes by 2030, attracting interest from UAE and Saudi Arabia.