By Manish Gupta The ‘equity oil’ issue got highlighted recently, after India faced the double whammy of spike in oil prices following the decision by Opec+ nations to cut production and Russia’s Rosneft stating it will give dividends, not equity oil, to India. For India, which imports 87% of its oil needs, equity oil is […]
Oil retreated for the third time in four days as further signs of a US slowdown overshadowed a substantial draw in crude stockpiles. Global benchmark Brent dropped below $83 a barrel after closing 2% lower on Wednesday. The US economy stalled in recent weeks, the Federal Reserve said in its Beige Book survey, casting a […]
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