International forum on energy
New Delhi   28-Apr-2008
The global oil industry has played an admirable role in ensuring uninterrupted supplies despite facing technological and ecological challenges, over the decades, IndianOil Chairman Sarthak Behuria, chairman said, while addressing the participants at the International Energy Business Forum held in conjunction with the International Energy Forum (IEF) in Rome. Commenting on high oil prices and volatility in the market, he said the structural shortcomings due to under investment had caused a stretched supply chain. This had resulted in speculative activity accentuating the record high oil prices he added.