<ul data-eligibleForWebStory="false"><li>Crude oil prices are forecasted to stabilize around $65 to $70 per barrel for the remainder of the financial year, with potential for a decrease to below $65.</li><li>Russian crude, constituting 30-35% of the industry's imports, is predominantly driven by commercial considerations rather than geographical factors.</li><li>Indian Oil Chairman emphasized making procurement decisions solely on economic and commercial grounds, focusing on the best delta offered by crude sources.</li><li>Indian Oil plans significant capital expenditure in petrochemicals post-refinery expansions, leveraging an integrated model for cost efficiency.</li></ul>

Crude Oil Prices To Stabilise Around $65-$70 Per Barrel: Indian Oil Chairman

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