4 reasons why crude oil is not likely to sustain $80/bbl. How is India impacted?
- Posted on June 19, 2025
- By Business News Today
- 1 Views
4 reasons why crude oil is not likely to sustain $80/bbl. How is India impacted?
Crude oil may not sustain above $80/bbl despite Middle East tensions, say brokerages, citing factors like OPEC's spare capacity, stable US shale output, and weak global demand. For India, a $10/bbl price rise could inflate oil imports by $13–14 billion, hitting downstream margins and LPG subsidy costs.
