Boon and bane: 6 ways in which lower oil prices will impact Indian economy

Prices are unlikely to breach the $40-a-barrel, and even when the world has fixed the disease it may double down on kicking its oil habit. Six factors that help and hurt India when oil is in plenty

The members of the Organization of the Petroleum Exporting Countries ‘Plus’ (Opec+) will meet Russia on Thursday to discuss a reduction in oil production. US President Donald Trump said on Twitter that the cut would be to the tune of 15 million barrels a day (mbd), but market trackers, Saudi Arabia and Russia have not confirmed that yet.
 
Opec met on March 5 for a deal to cut production and stabilise prices, but the outcome of that meet was a Saudi-Russia spat, which pushed global crude oil prices to a 17-year low by the middle of last month. Brent