India says predictability in oil production cuts, stable prices key for recovery.

India presently urged the world's top oil producers to plan production cuts in a way that is more predictable, which would help to plan crude imports in a more organized manner and avoid the pain of volatile prices as it could dampen the fragile recovery process. While addressing the SandP Global Platts South Asia Commodities Virtual Forum, India's petroleum and steel minister Dharmendra Pradhan said stable energy markets will be crucial for both economic and demand recovery, and cooperation among consumers and producers is crucial to make that happen. While we do not favor too low prices, we also do not support high prices, which deny energy access to millions in India. Efforts at artificially distorting prices will have a dampening effect on the fragile global economic recovery that is underway, Pradhan said in his...