{"id":291777,"date":"2019-09-16T06:41:58","date_gmt":"2019-09-16T06:41:58","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=291777"},"modified":"2019-09-16T06:41:58","modified_gmt":"2019-09-16T06:41:58","slug":"if-oil-remains-at-70-for-next-15-days-it-will-be-good-for-us-n-vijayagopal-bpcl","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/if-oil-remains-at-70-for-next-15-days-it-will-be-good-for-us-n-vijayagopal-bpcl\/","title":{"rendered":"If oil remains at $70 for next 15 days, it will be good for us: N Vijayagopal, BPCL"},"content":{"rendered":"<p>We will have a better second quarter if there is an uptick in average crude prices. That will have an impact on the valuation of inventories. We were expecting it to come down to $62 in the second quarter from $69 a barrel in Q1, says N Vijayagopal, Director Finance, BPCLNSE -6.30 %. Excerpts from an interview with ETNOW.<\/p>\n<p>We are seeing the biggest single day surge in oil prices because of the drone attacks on Saudi refineries. How do you see the impact on India?<br \/>\nWhile the attack is unfortunate, we do not find any major impact on refining sector or for the oil marketing companies because of two-three reasons. One is because we are not dependent on a certain price of crude. Our profits are basically based on the spread between crude and product prices. Secondly, $70 is a level we are not very uncomfortable with and the third is that we do not expect this situation for a prolonged period because alternatives will be found and we feel that things will be back to normal very soon.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We will have a better second quarter if there is an uptick in average crude prices. That will have an impact on the valuation of inventories. We were expecting it to come down to $62 in the second quarter from $69 a barrel in Q1, says N Vijayagopal, Director Finance, BPCLNSE -6.30 %. Excerpts from an interview with ETNOW. We are seeing the biggest single day surge in oil prices because of the drone attacks on Saudi refineries. How do you see the impact on India? While the attack is unfortunate, we do not find any major impact on refining [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-291777","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/291777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=291777"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/291777\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=291777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=291777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=291777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}