Will look at alternate energy if OPEC+ doesn't fix crude shortage: Pradhan

Recalls India's support to oil producing nations when global demand collapsed last May, and OPEC's promise to sustain normal supply when things got better

India will set its eyes on alternative energy if oil producing countries do not fix the supply imbalance that has led to a rise in crude oil prices according to Petroleum Minister Dharmendra Pradhan. Speaking at the CERAWeek conference by IHS Markit, Pradhan said that an artificial shortage has been created by the Organisation of the Petroleum Exporting Countries (OPEC) and its allies at a time when energy demand is resurging in emerging economies.

“During May 2020, demand (for fuels) had collapsed in the market and a country like India was supportive of production cuts in those days. The producers,