Homevideos Newsmarket Newscommodities News

    Lower oil prices a setback for company, says Oil India

    videos | IST

    Lower oil prices a setback for company, says Oil India

    Sushil Chandra Mishra, Chairman & Managing Director of Oil India, in conversation with CNBC-TV18 discussed the impact of COVID-19 on oil and gas production and falling crude.
    Speaking about lower oil prices, he said, “As far as oil price is concerned, definitely it is a setback and there is a worry. But considering our responsibility as a PSU, we are continuing to serve the nation by producing crude oil and natural gas. We expect the present slump to be a temporary phase and the prices will definitely recover in near future.”
    “We have requested the government to allow some concessions enabling us to maintain the profitability," he added.
    Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
    next story

      Most Read

      Market Movers

      View All
      CompanyPriceChng%Chng