Speculation apart, demand-supply fundamentals don't support lower prices of crude oil from the present levels. This means that the nation should find an alternative to heavily subsidising the fuel prices that would lead to large budgetary deficits.
India’s Commodity Futures market is indeed growing by leaps and bounds as evidenced from the growth figures for the past five years since exchange based trading was introduced in the country.
Which could be the hottest commodity that India’s politicians trade? It is cash, bundles of hard cash, if the drama surrounding the just-concluded vote of confidence that the nation witnessed in the Parliament is an indication.
Thanks to technological breakthroughs in LNG production and transportation, consumers here in Europe and around the world are gaining greater access to safe, reliable and affordable supplies of natural gas, Rex W Tillerson, CEO, Exxon Mobil said.
