Indian oil expects crude prices to stay above $100 a barrel this year

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Indian Oil expects oil prices to stay above $100/barrel in 2022

NEW DELHI:

An Indian Oil chief financial officer said on Friday he expects oil prices to stay above $100 a barrel for the rest of 2022 amid the Ukraine crisis.

Sandeep Kumar Gupta, Indian Oil’s chief financial officer, also told an industry seminar that he expects economic damage from the Russia-Ukraine conflict to contribute to a significant slowdown in global growth in 2022.

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