Indian Oil expects oil prices to stay over $100/bbl in 2022

Indian Oil expects oil prices to stay over $100/bbl in 2022

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Reuters

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NEW DELHI — An Indian Oil finance executive said on Friday he expects oil prices to hold above $100 per barrel for the rest of 2022 amid the Ukraine crisis.

Sandeep Kumar Gupta, director of finance at Indian Oil, also said at an industrial seminar he expects economic damage from the Russia-Ukraine conflict to contribute to a significant global growth slowdown in 2022. (Reporting by Mohi Narayan; Writing by Muyu Xu; Editing by Tom Hogue)

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