Fresh US sanctions on Russia to have little impact on India; prices to remain settled at $75-85: IOC Chairman

Indian Oil Chairman Arvinder Singh Sahney states that US sanctions on Russia will have limited impact on India’s energy supplies, citing multiple global sources. He forecasts crude prices to remain within a USD 75-80 per barrel range, leaning towards USD 75. IOC plans no new acquisitions and anticipates Panipat’s green hydrogen plant commissioning within 2 years.

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