China‘s demand for energy has softened compared to India, says Miswin Mahesh, Energy Analyst at Barclays, adding, there is need to keep an eye on developments in Iraq and Nigeria right now.
Miswin Mahesh, Energy Analyst, Barclays expects Brent Crude to hover above USD 40/bbl and not go much below that. The prices would average around USD 45/bbl in Q3.
According to Miswin Mahesh, Energy Analyst at Barclays, the Indian oil demand has been sustaining strong growth rates on the back of gasoline demand.