Plummeting to record level: Profit falls to 20 cents/ barrel for private crude producers

Plummeting to record level: Profit falls to 20 cents/ barrel for private crude producers The price of Indian basket of crude fell 69% to $22/barrel on March 31 since the January 8 peak of $69.95/barrel it touched in 2020, dragging down the profit share of contractors. Source: TFE