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SynopsisHigher crude price could also improve the earnings visibility of GAIL’s gas trading and downstream businesses, said Mittal.AgenciesThe risk for ONGC and OIL India is that the government might ask them to share a portion of the retail fuel subsidy burden.Mumbai: Shares of ONGC, Oil India and GAIL are poised for more upsides as rising…Continue Reading

Brent crude oil price may hit $110 in 2022: Goldman Sachs

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(This story originally appeared in on Oct 27, 2021)Mumbai: Global financial major Goldman Sachs expects Brent crude prices to reach $110-per-barrel by next year, a 30% jump from the current levels of $85/bbl. Oil analysts at Goldman Sachs say that the global demand-supply mismatch, with the current demand almost near the pre-Covid levels, is expected…Continue Reading