Indian Oil expects prices to stay over $100/bbl in 2022 amid Ukraine crisis

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

Indian Oil Corp, iocl — A logo of Indian Oil is picture outside a fuel station in New Delhi | Photo: Reuters

Reuters NEW DELHI

1 min read Last Updated : Jun 24 2022 | 11:41 AM IST

NEW DELHI (Reuters) - 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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