HPCL CMD MK Surana shares views on how OMCs are shaping up in view of crude prices
  • WebDesk BTVI
  • Apr 16 2019

MK Surana, CMD of HPCL, on the situation of crude oil sector, says heavy crude supply gets limited when crude price rises. He, however, adds that the US crude supply has helped stabilise the market. On whether refineries are likely to shift to lighter crude, he says that decision will be taken later, as the situation is not as mightmarish as before. He expects crude to trade at $65-70/bbl in long-term.