India advises against sales of oil reserves at Adipec conference

India said it’s made a “concerted push” with OPEC+ on oil production, but advised major consumers against selling their strategic reserves.

The country’s petroleum minister, Hardeep Singh Puri, spoke Tuesday with Bloomberg at the Adipec conference in Abu Dhabi. The comments come as US politicians put pressure on President Joe Biden to bring down gasoline prices, possibly by banning crude exports and releasing oil from the government’s Strategic Petroleum Reserve.

The world’s biggest oil and gas companies and many OPEC+ energy ministers are in Abu Dhabi this week for Adipec. It’s one of the first major in-person events for the industry since