Indian refiners stand to gain as Brent crude price falls below USD 85 per bbl
NEW DELHI: Indian refiners like Nayara Energy and Indian Oil Corporation are likely to benefit from the sharp fall in crude oil prices recently. Amid the talks of a price cap on Russian oil by the European countries, oil prices in the international market fell rapidly in the past 2-3 weeks. Brent Crude Future, the benchmark of crude price, was trading at a two-month low at $84.87 (6 pm IST) per barrel, down from $98 a barrel at the start of the month.
