Global Crude Oil Prices Remain Stable Amid Geopolitical Tensions

Petroleum and Natural Gas minister Hardeep Singh Puri highlighted the relative stability of global crude oil prices, suggesting the world's energy resources are sufficient to meet demand. Despite ongoing conflicts, prices have remained between $65 and $70 per barrel.

India's Growing Role in Global Energy Forums

Puri emphasized India's active participation in global energy discussions, including its first attendance at the OPEC seminar, reflecting its status as one of the largest crude oil consumers worldwide.

India Eyes Geothermal Energy Expansion

During visits to Iceland, Norway, and Austria, Puri explored opportunities for geothermal energy collaboration. Iceland's expertise in geothermal energy presents a valuable partnership opportunity for India's clean energy ambitions.

India Energy Week: A Platform for All Energy Forms

Puri announced plans to include geothermal energy in the India Energy Week platform, which has grown to become the second-largest global energy event, showcasing India's commitment to diversifying its energy mix.

Domestic Energy Exploration Milestones

With ONGC drilling over 500 wells, the highest in 37 years, India is making significant strides in energy exploration, underscored by rigorous regulatory safeguards to govern these activities.