Express Message Service
NEW DELHI – Indian refiners such as Nayara Energy and Indian Oil Corporation are likely to benefit from the recent sharp drop in crude oil prices. Amid talks by European countries on a price cap on Russian oil, oil prices in the international market have fallen rapidly over the past 2-3 weeks. Brent crude futures, the benchmark crude oil price, traded at a two-month low of $84.87 (18:00 IST) per barrel, compared to $98 per barrel at the start of the…
