Outlook for oil, its impact on India3 min read . Updated: 27 Sep 2018, 11:47 AM IST
Net oil imports have contributed to more than 40% of the trade deficit for India in the previous two fiscal years
Brent crude is hovering around an uncomfortable $80/barrel. Will it remain high, or trend higher? There are two forces acting on oil prices—tight supply situation and rising demand. On the other hand, won’t trade wars and rising interest rates slow growth? Won’t lower Chinese growth, widely anticipated, lower oil demand?
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