OIL price hikes coupled with developing nations’ currency depreciation have seen India pay the same amount in rupees for oil now as it did during highs well above $100 per barrel, International Energy Agency chief director Dr Fatih Birol said on the sidelines of Singapore International Energy Week.
Meanwhile oil demand is expected to increase and its supply remains uncertain, he said. "As we stand today, the market is supplied with a significant amount of oil to meet demand, this is for...
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