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The Economic Times
The Economic Times
Nandini Sanyal

Rising crude and aluminium prices: Bharat Subramanian on what it means for India's energy and metals sectors

aluminium Oil West Asia

With West Asian tensions keeping oil elevated and aluminium at four-year highs, analysts are flagging sharply diverging fortunes for upstream explorers versus oil marketing companies, and a new commodity upcycle may be under way

OMCs squeezed; upstream explorers stand to gain

Geopolitical tensions in West Asia are the single biggest variable pushing crude prices higher, according to Bharat Subramanian, VP–Equity Research at BofA Securities. A lasting truce could ease prices, but without one, the rally is likely to continue.

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