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Why Higher Crude Prices Alone Won’t Determine Fortunes Of ONGC, Oil India
Brokerages expect Indian oil explorers like Oil & Natural Gas Corp. and Oil India to benefit from rising crude prices.Here’s why.
01 Mar 2021, 08:45 AM IST
Brokerages expect Indian oil explorers like Oil & Natural Gas Corp. and Oil India Ltd. to benefit from rising crude prices, stemming from optimism over vaccination drives across the world and a pick-up in economic activity. But there are other concerns around the two oil explorers.Brent crude prices, having plunged to below $40 per barrel in March 2020 following the Covid-19 pandemic, went past the $50-mark for the first time in Dece...
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