Friday, December 05, 2025 | 11:11 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Prepared for $65 per barrel crude oil price range for FY26: OIL CMD Rath

Drilling begun in Cambay Basin, second well dug in Andaman seas

Ranjit Rath, chairman and managing director (CMD), Oil India Ltd (OIL)
premium

Ranjit Rath, chairman and managing director (CMD), Oil India Ltd (OIL)

Prachi Pisal Mumbai

Listen to This Article

National exploration and production major Oil India Ltd (OIL) wants to quickly monetise offshore assets in the Cambay Basin, and is hopeful of lower statutory requirements helping exploration in the offshore KG  Basin, OIL chairman and managing director (CMD) Ranjit Rath told Prachi Pisal in an interview in Mumbai. Edited excerpts: 
 
For the rest of 2025, what is your outlook on the global crude oil prices?
 
We are aware of the volatility that comes along with the crude oil price, but what we don’t know is the extent of volatility. Having taken note of what we have witnessed in