Reduce prices or expect demand to sink, oil guzzler warns OPEC - dailyOnews

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Wednesday, July 11, 2018

Reduce prices or expect demand to sink, oil guzzler warns OPEC

The world’s fastest growing crude consumer has a warning for OPEC: Start reducing prices, or waning demand will mean a curb in purchases from the crude cartel. 

At least that’s the suggestion from Sanjiv Singh, chairman of Indian Oil CorpNSE -0.45 %., the country’s biggest refiner. If prices continue rising at the pace they’ve been gaining in the past month and a half, the South Asia nation’s consumers will likely see alte .. 

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