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India says has Saudi assurances on supply as oil hits $80 per barrel

Reuters  |  NEW DELHI 

By Nidhi VermaNEW DELHI (Reuters) - India, the world's third largest oil consumer, said on Thursday it had received assurances from the world's top oil exporter Saudi Arabia it would ensure adequate supplies to keep a lid on soaring oil prices.The statement came as oil prices rose back to $80 per barrel for the first time since 2014 due to rising concerns over disruptions to Iranian oil exports because of new U.S. sanctions and due to plummeting output in Venezuela.India's Oil Minister Dharmendra Pradhan said on Twitter that Saudi energy minister Khalid al Falih had assured him Riyadh and ...

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First Published: Thu, May 17 2018. 21:32 IST
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