Business
India's oil import bill to go up by around $1.6 bn per annum on a dollar increase in prices
Updated : Dec 11, 2018, 06:00 AM IST
With the increase in the US production, Opec's decision to cut oil output from next year is unlikely to boost prices, says Care
Crude oil prices may not exceed $65 a barrel
4.6 mb/d – India's crude oil imports in this financial year so far
India's oil import bill to go up by around $1.6 bn per annum on a dollar increase in prices
1.2 million barrels per day – Opec's decision to cut production by from January 2019
Opec to cut 0.8 mb/d
Non-Opec members have agreed upon 0.4 mb/d cut for next 6 months