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Oil prices

Crude oil prices are raining gold. Can India put out the bucket? Three factors hold the key.

With crude oil trading at record lows, it’s an opportune time for India to build its strategic reserves. But considering the tight fisc, funding could be a challenge. Also, a slowing economy may not have the appetite to consume high volumes of oil in the short term. Will this be another missed opportunity?
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1 Apr 2020 8 Mins Read 6 comments
Pump jacks draw crude oil from the Long Beach Oil Field under Discovery Well Park in Signal Hill, California, on March 9, 2020. Global stocks and oil prices rebounded on March 10, 2020 on hopes of US economic stimulus efforts as the coronavirus rages, one day after suffering their biggest losses in more than a decade. Getty Images
Pump jacks draw crude oil from the Long Beach Oil Field under Discovery Well Park in Signal Hill, California, on March 9, 2020. Global stocks and oil prices rebounded on March 10, 2020 on hopes of US economic stimulus efforts as the coronavirus rages, one day after suffering their biggest losses in more than a decade.
"When it rains gold, put out the bucket, not the thimble." Warren Buffett has always been unambiguous about opportunities. For, he believes, they “come infrequently.” Thousands of miles away from Buffett’s Farnam Street office in Omaha, United States, a bunch of policy makers and bureaucrats in New Delhi is busy sizing up what could potentially open
This could disrupt some supply chains in India, and it has started to impact tourism and hospitality industries which are significant providers of employment. The unemployment rate has been rising steadily for over two years now.” If the supply chain slows down further, the imported oil will only add to inventory costs. ( Graphic by Mohammad Arshad)
"When it rains gold, put out the bucket, not the thimble." Warren Buffett has always been unambiguous about opportunities. For, he believes, they “come infrequently.” Thousands of miles away from Buffett’s Farnam Street office in Omaha, United States, a bunch of policy makers and bureaucrats in New Delhi is busy sizing up what could potentially open This could disrupt some supply chains in India, and it has started to impact tourism and hospitality industries which are significant providers of employment. The unemployment rate has been rising steadily for over two years now.” If the supply chain slows down further, the imported oil will only add to inventory costs. ( Graphic by Mohammad Arshad)

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