India pitches for easing cuts in crude oil production

India on Friday pressed for easing cuts in crude oil production saying high oil prices are hurting the consumption-led recovery of several countries. External Affairs Ministry Spokesperson, Arindam Bagchi told media in New Delhi that the crude oil supply should be market determined rather than artificially managed. He said, New Delhi has noted that OPEC and OPEC Plus have announced last week a slight easing of crude production cuts, even though it is still far below the originally announced sche...