English
Specials
    Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessCompaniesExpect crude prices to be between USD 60/bbl & USD 65/bbl: HPCL

    Expect crude prices to be between USD 60/bbl & USD 65/bbl: HPCL

    Crude prices have been on the rise this year with a 40 percent gain for Brent since June. In an interview with CNBC-TV18, MK Surana, CMD of Hindustan Petroleum Corporation Ltd (HPCL) assessed the impact on their business.

    CNBC-TV18
    December 13, 2017 / 12:25 IST

    Crude prices have been on the rise this year with a 40 percent gain for Brent since June. In an interview with CNBC-TV18, MK Surana, CMD of Hindustan Petroleum Corporation Ltd (HPCL) assessed the impact on their business.

    I believe that USD 65 per barrel is a good resistance level for the crude in the near-term, he said.

    Crude should be in the range of USD 60-65 per barrel, he added.

    If crude prices remain at current levels, we should expect to see good gross refining margins (GRMs), said Surana.

    For full interview, watch accompanying video...

    CNBC-TV18
    first published: Dec 13, 2017 12:25 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347