Narendra Modi
National
Typography
Saudi Energy Minister says OPEC nations will consider Prime Minister Narendra Modi's consumer centric views on oil pricing before taking any decision; 
Saudi Energy Minister says OPEC nations will consider Prime Minister Narendra Modi's consumer centric views on oil pricing before taking any decision; 
says PM Modi stressed on protecting Indian consumers from soaring global oil prices; OPEC meets in Vienna to discuss future strategy after Qatar's departure; OPEC could cut output levels.
 
The Organisation of the Petroleum Exporting Countries (OPEC) met in Vienna ahead of talks with allies such as Russia on Friday and amid a drop in crude prices caused by global economic weakness and fears of an oil glut due largely to a rise in U.S. production.
 
The producer group's de facto leader, Saudi Arabia, has indicated a need for steep reductions in output from January but has come under pressure from U.S. President Donald Trump to push oil prices lower.
 
Ahead of a key decision on output cuts, Saudi Arabia's Energy Minister, Khalid Al Falih, has said that the views of Prime Minister Narendra Modi will be taken into consideration, before a final decision is taken by the major oil producing nations.
 
The Saudi Energy Minister recalled the bilateral meeting between India and Saudi Arabia on the sidelines of the G20 meeting last week in Buenos Aires. He said Prime Minister Modi "put his consumer centric views on oil prices very strongly.
 
Expectations had been for a joint cut of between 1 and 1.4 million barrels per day (bpd), until Saudi energy minister Khalid al-Falih said before the meeting that the "OPEC+" group would be happy with a cut of just 1 million bpd.
 
OPEC delegates have said OPEC and its allies could cut output by 1 million barrels per day if Russia contributed 150,000 bpd of that reduction.
 
Meanwhile Qatar has announced its exit from the oil grouping.
 
Now all eyes are on Russian Energy Minister Alexander Novak, who flew back from Vienna  for possible talks with President Vladimir Putin.