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The Economic Times
The Economic Times
Business

$100/barrel crude on screen, $145/barrel in physical market: Kotak Securities sees two prices

Kotak Securities Anindya Banerjee Oil RBI ANI India MPC

Mumbai: Physical crude oil prices could be significantly higher than benchmark rates as soaring shipping costs widen the gap between quoted and actual market prices, with a USD 100-a-barrel screen price potentially translating into nearly USD 145 per barrel, said Anindya Banerjee, Kotak Securities Head of Commodities Research.

In an interview with ANI, the analyst said the oil market has become increasingly complex, with different prices for the same product further complicated by rising shipping costs.

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