US EditionOil Firms Well-Positioned For Upside With Crude Expected To Be Between $60-70, Says Citi
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Oil Firms Well-Positioned For Upside With Crude Expected To Be Between $60-70, Says Citi
Citi expects oil prices to remain in the $60–70 per barrel range over the next 12–18 months. This scenario works favourably for India both macroeconomically and sectorally, according to Saurabh Handa, head of India oil and gas and telecom at Citi.Citi maintained a 'buy' rating on all three major OMCs. After a challenging financial year 2025—due to losses on the LPG front—Handa sees significant improvement ahead.This comes at a time when crude st…
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