Oil PSUs lose $2.25 billion in revenue since November - Business News: Latest News & Videos about market and economy | Trendmergers

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Oil PSUs lose $2.25 billion in revenue since November

Indian oil companies could see an impairment in the value of upstream investments in Russia and a decline in the cash flows from these assets going ahead, it said in a note on Thursday. At current market price, Indian oil marketing companies are incurring a revenue loss of around $25/bbl and $24/bbl on the sale of petrol and diesel, respectively, the report said.

from Industry-Economic Times
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