Intentar ORO - Gratis
US sanctions won't see oil price surge, shipping to be hit
Mint Hyderabad
|January 23, 2025
Oil price is not projected to rise, may stay at $70-75 a barrel, and the situation will ease in a few months: BPCL CMD
With the US announcing fresh sanctions on two Russian oil producers and several vessels, shipping crude oil could be an issue in international energy markets. However, with the US planning to produce more oil under Donald Trump's presidency, there is unlikely to be a significant impact on the availability and prices of oil, said G. Krishnakumar, chairman and managing director of Bharat Petroleum Corp. Ltd (BPCL).
In an interview with Mint, Krishnakumar said oil price is not projected to rise and may remain tepid at $70-75 a barrel, but shipping will be an issue in the near term due to the sanctions, and the situation should ease within a few months.
Esta historia es de la edición January 23, 2025 de Mint Hyderabad.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE Mint Hyderabad
Mint Hyderabad
Quality fears to spur premium dairy boom in cities
March, while Akshayakalpa is said to be in talks to raise ₹350 crore from Temasek's ABC Impact and others.
1 mins
December 18, 2025
Mint Hyderabad
Coverage challenge
Can India's insurance sector help mobilize more long-term capital? How much of a differ- ence will the Centre's proposal of raising its foreign direct investment (FDI) cap to 100% from 74% make?
1 min
December 18, 2025
Mint Hyderabad
TCS lifts curtain to peg yearly revenue from Al at $1.5 bn
In a first for homegrown IT services companies, Tata Consultancy Services Ltd (TCS) has said it earns $11 billion from disruptive technologies, including $1.5 billion from AI.
1 min
December 18, 2025
Mint Hyderabad
India summons B'desh envoy over security concerns in Dhaka
India on Wednesday summoned Bangladesh envoy Riaz Hamidullah and lodged its protest over plans by certain extremist elements to create a security situation around the Indian mission in Dhaka.
1 min
December 18, 2025
Mint Hyderabad
'Rising MF firepower softens impact of FII outflows'
There was a time when heavy foreign investor selling could rattle Indian equity markets.
2 mins
December 18, 2025
Mint Hyderabad
Should you invest yourself or let professionals do the job for you?
Ask whether your performance as a fund manager is superior on the basis of an objective assessment
4 mins
December 18, 2025
Mint Hyderabad
IOB OFS opens for subscription
The Indian Overseas Bank's (IOB's) Offer-for-Sale (OFS) opened on Wednesday for non-retail investors at a floor price of ₹34 per share.
1 min
December 18, 2025
Mint Hyderabad
Let ‘digital collateral’ for loans drive credit inclusion
India's economy grew at a faster-than-expected 8.2% in the last quarter, driven by manufacturing and services as well as a recovery in private consumption.
3 mins
December 18, 2025
Mint Hyderabad
NCLT permits rejig at Flipkart
NCLT has approved merger of eight Flipkart entities, taking it closer to an IPO.
1 min
December 18, 2025
Mint Hyderabad
Mizuho buys majority stake in Avendus for $523 million
Japanese bank to pick up 61.6-78.3% of Avendus shares, making it a consolidated subsidiary
2 mins
December 18, 2025
Listen
Translate
Change font size