<ul><li>Global crude oil prices are expected to be around $65 per barrel as per Oil Minister Puri at CII's Annual Business Summit 2025.</li><li>Puri mentioned that more crude oil will be available from countries like Brazil, Guyana, Suriname, Canada, and Argentina, contributing to stable prices.</li><li>India's refining capacity is projected to increase from 260 million tonnes per annum to 309.5 mtpa by 2028, positioning it as a refining hub.</li><li>India focuses on oil and gas exploration to boost domestic production, with over 1 million square kms of sedimentary basins now open for exploration.</li></ul>

Global crude oil prices to be around $65/barrel: Oil Minister

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