Oil prices will remain range-bound around US$60-65 through 2018
Irrespective of geopolitical uncertainties, output cuts and production outages crude oil prices are likely to remain in the range of US$60-65/barrel through 2018
Month: November 2017
Govt plans to sell a 60% stake in 15 ageing oil field to private firms
Eleven of these oil fields are owned and operated by the Oil and Natural Gas Corporation (ONGC) and four by Oil India Ltd (OIL). Their proven reserves are estimated at 791.2 million tonnes of crude oil and 333.46 billion cubic metres of gas cumulatively.