Union Minister of Petroleum and Natural Gas, Dharmendra Pradhan said on January 11 that there is no dearth of crude oil in global market. "There's no dearth of crude oil in global market. We're taking it from OPEC, OPEC+, non-OPEC countries. Issue is - price. We're appealing to oil producing countries and responsible leaderships that there should be peace and stability in global economy," said the minister. "Due to geopolitical situation, conflict in Middle East there was a spike in price of crude oil. It's subdued in last 2 weeks. Let's wait and watch, let's not create panic. Things are under control. Government has kept a sharp eye on global development," he further added.