High oil prices will throttle recovery, Pradhan tells Opec

Oil minister Dharmendra Pradhan on Thursday conveyed to Opec India’s concern over rising crude prices which are hurting economic recovery by creating inflationary pressure by sending fuel prices soaring. At a meeting with Opec secretary-general Mohammed Sanusi Barkindo, Pradhan reiterated his request for phasing out production cuts imposed by Opec and its ally Russia.