(EnergyAsia, May 6 2013, Monday) — India’s main upstream firms, ONGC and Oil India Ltd, are hurting from the recent decline in crude oil prices with benchmark Brent crude briefly sliding to nine-month lows at less than US$100 a barrel. While their revenues have fallen sharply, ONGC and OIL remain saddled with the responsibility to…

This article is for Subscriber members only.
Log In Register