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Oil Has a Cushion if Crude Cools
Mint Mumbai
|June 16, 2025
BRent crude price has spiked 12% to $74 a barrel on escalating Israel-Iran tensions.
This is troublesome for India's macroeconomic position as the country is a net importer of fuel. But at the micro-level, there could be some potential beneficiaries of elevated crude oil prices. These are Oil and Natural Gas Corp., Oil India Ltd (OIL), Reliance Industries Ltd and Vedanta Ltd. Among these, upstream oil & gas producers Oil India and ONGC can be considered as pure plays on crude oil price movement, as the others are conglomerates.
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