The “low-for-longer” story of global oil
The post Covid-19 world for oil producers, traders, and consumers will be very different from the earlier decades.
oil
May 2020
July 2019
September 2018
June 2018
May 2018
Subsidies spend has fallen: Economic Survey 2018-19
The Survey says that this is an outcome of “the decline in global crude prices, decontrol of prices, and better targeting through direct benefit transfer of subsidies”.
Modi’s Iranian trump card under threat
Iran was India’s big bet towards energy security and safe haven from crude oil price shocks. With the U.S. insisting on zero imports from Iran, the government is left with an unwelcome conundrum.
High crude oil price + weak rupee = Wider CAD
While hoping for no rate action from RBI, Ind-Ra expects a macroeconomic hotchpotch if these factors sustain beyond a quarter.
SpiceJet’s net profit up 11% in March quarter
SpiceJet’s standalone profit for the whole financial year surged 32% from Rs 430 crore in FY17 to Rs 566.7 crore.
