India's imports from Iran has already gone down to 1.7 million tonne in the current financial year, from 23.9 mt in 2018-19
S&P Global Platts sees India's oil demand growing by 170,000 b/d next year as economic growth is expected to pick up, says Hickin
Barclays sees Brent trading near $60 a barrel for two years
Brent crude oil, soya bean, kapas and almonds futures on the cards
Brent is set for a fifth straight week of gains, following the US announcement that it won't renew waivers for countries to import Iranian crude after May 2
Brent futures, the international benchmark for oil prices, were at $61.15 per barrel, up 21 cents
OPEC failed to agree to a clear oil-output strategy on Thursday as Iran insisted on raising production to regain market share lost during years of sanctions