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Reputation: 642,681  •  Jul 6, 2023 5:41 PM
In election year, $75-80 crude price may pose concerns for OMCs down the line: Dayanand Mittal
In election year, $75-80 crude price may pose concerns for OMCs down the line: Dayanand Mittal
“The key concern is we are entering into the election phase and Opec wants to support crude at $75-80 per barrel and above given the fiscal balance for most of these Opec countries, particularly Saudi is around those levels. So, in an election period, crude prices upwards of $75-80 may pose concerns for OMCs down the line. That is the key concern.”
The Economic Times

https://economictimes.indiatimes.com/markets/expert-view/...
#ONGC #BPCL #IGL #HINDPETRO #GUJGASLTD

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