Oil prices jump 5% amid Israel-Gaza war
High crude oil prices will weaken the profitability of the three state-owned oil marketing companies in India, says Moody's.
High crude oil prices will weaken the profitability of the three state-owned oil marketing companies in India, says Moody's.
HPCL posted a back-to-back quarterly loss amid continued decline in margins due to a freeze on retail prices of petrol and diesel.
The profitability of the Fortune India 500 companies declined 10.2% in FY18; despite that, the firms on the list were generous enough to raise total salaries by 10.2%.
Unrest in the Arab world isn’t going away, the demand for crude is rising, speculation won’t stop, and Opec’s spare production capacity can only go so far.