West Asia crisis not over, may worsen: Hardeep Singh Puri

NEW DELHI: Petroleum minister Hardeep Singh Puri on Thursday said the West Asia crisis was not over and had the potential to worsen.The minister, however, added that despite the current situation, ample availability of crude oil globally provides some relief. “The crisis is certainly not over. In fact, the crisis is not only ongoing, but it has the potential of actually exacerbating. In other words, the crisis could get more serious,” Puri said at PAFI’s 13th Annual Forum.“The total quantum of crude available in the world today is around 102 million barrels a day, whereas our requirement is only about 94-95 mbd.