In an interview with ET Now, MK Surana, CMD, HPCL NSE 1.70 %, talks about factors affecting Brent’s price, oil as a connected commodity, permanent destruction in the demand of oil, and more.
You have got Brent within kissing distance of $80 a barrel. You are seeing WTI index go up. Back home the oil marketing companies have had no choice but to come out with a price hike today for petrol as well as diesel. Let us begin this interview by asking you your reaction on Brent being seen at $80 a barrel, a level we have not seen in nearly three years.
That is true that Brent has been going consistently high in recent time and it is because of two or three reasons.
