Higher prices help oil cos in Q1; windfall tax to keep lid on profit2 min read . Updated: 17 Aug 2022, 06:21 AM IST
- With oil prices declining, analysts see some reduction in windfall taxes by the government
- Brent prices may stay volatile but below $100 a barrel on muted demand and hopes of more supplies
MUMBAI : Demand concerns amid the disappointing US and Chinese economic data, forecast of higher US crude production, and the progress on Iran’s nuclear talks are weighing on global crude prices. Brent has slipped to below $100 a barrel from the highs of $121 a barrel in July.
Select your Category