Crude oil prices may hover around $65 a barrel
India's oil import bill to go up by around $1.6 bn per annum on a dollar increase in prices
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