JPMorgan India bullish on crude oil and expects prices scale to USD 150 per barrel, Pinakin Parekh, India oil & gas, metal research, told CNBC-TV18.
Parekh further said that demand should also continue to improve.
Talking about steel, he said that China will produce less steel which is positive for the global steel environment.
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Parekh expects steel earnings to bounce back in Q4 of FY22 after a blip in Q3FY22.
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For the entire interview, watch the video