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Oil prices are global and gas price is regional: Fereidun Fesharaki

Posted on 17 July 2013

The US is abuzz with additional crude oil production shaking Opec relevance in the global market. Fereidun Fesharaki, chairman, FACTS Global Energy, a leading consultancy in the energy space, says oil prices will come down but for India domestic natural gas pricing will be a challenge.
The Indian government has been subsiding a lot and what it is now doing is reducing subsidy but the good news is oil price will go down by 20-25 per cent in the next two three years–everything from price of oil to petroleum products and natural gas indexed to oil will come down………………………………………..Full Article: Source


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