IOC warns OPEC of curb in purchase if oil prices remain high
Beeps By | Jul 11 2018

Indian Oil Corp has warned OPEC that if oil prices continue to rise, there will be a curb in purchase. The country will have to think about alternatives such as electric vehicles and gas as more cost effective if not controlled the oil prices, said IOC chairman. He said if it continues then other forms of energy will become more competitive.

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