According to ANI, the meeting is expected to begin around 10 AM.
"The weakening crude spreads nearly globally in the face of Iran sanctions is likely generating some concern on how strong market really is and if it's ready to rally more", said Scott Shelton, energy futures broker with ICAP in Durham, North Carolina.
Meanwhile, South Korea in September stopped importing Iranian oil for the first time in years.
Union ministers Arun Jaitley and Dharmendra Pradhan, NITI Aayog Vice Chairman Rajiv Kumar, and other senior officials were also present. "I don't understand. World fuel prices are falling, how are the petrol prices rising?"
Powerball jackpot grows to $345M after no one wins Saturday prize
Combined with the Powerball jackpot, which is now at $ 345 million , the jackpots have reached a total of $999 million. Since there was no overall victor in Saturday's Powerball drawing, the jackpot has risen to $ 345 million .
The roundtable came on a day diesel price rose for the 10th consecutive day to wipe out all of the Rs 2.50 per litre cut in rates announced earlier this month through excise duty cut and oil company subsidy. PM Modi said this during his interaction with the heads of oil and gas companies and organisations in New Delhi.
"Once pipelines and oil terminals are built connecting the Permian to the U.S. Gulf Coast, then there will be a big step up in U.S. crude oil exports", Harry Tchilinguirian, oil strategist at French bank BNP Paribas told Reuters Global Oil Forum.
Modi also asked chief executives why no new investments in oil and gas exploration and production are coming to the country despite the government implementing all the suggestions they made at the previous such meetings, sources said.
Iran has lost some customers for its oil because of looming USA sanctions, but high prices are making up for the lost sales, Iranian Vice President Eshaq Jahangiri has said.
Is there a Huawei Mate 20 with a stylus coming?
"With the Mate 20 , Huawei is setting the bar for what users can expect from photography using a smartphone ", Cozza said. Like the Mate 20 Pro, it will be powered by the company's latest HiSilicon Kirin 980 processor and come with 8GB of RAM.
The RBI said in its policy statement: "Global headwinds in the form of escalating trade tensions, volatile and rising oil prices, and tightening of global financial conditions pose substantial risks to the growth and inflation outlook". But the plan could not go through in view of strong opposition from Oil and Natural Gas Corp (ONGC).
Modi also sought the role of private participation in the distribution of the gas sector.
The oil exchange is a mechanism that attempts to sidestep the USA sanctions, which are being reimposed following the US withdrawal from the nuclear deal, by allowing private companies to buy the crude at auction in Tehran and then resell it privately on the open market.
The country is over 83 per cent dependent on imports to meet its oil needs.
Kanye West & Kim Kardashian Bring Uganda’s President ‘The Gift Of White Sneakers’
The tabloid website famous for its celebrity news, TMZ , showed a video of the Wests at the lodge together with their children. One user tweeted , "it seems to me like Kanye is obsessed with siding with our oppressors".
Modi made these suggestions while meeting CEOs and experts from the oil and gas sector from India and overseas here.