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“Falling crude, LNG, coal prices huge +ve for India”

Iranian crude oil supertanker "Delvar" is seen anchored off Singapore Falling prices of crude oil, thermal coal and liquefied natural gas (LNG) are huge positive for India as energy imports account for 36 per cent of its total imports last fiscal, research firm Crisil Research said here.

“The prices of crude oil, thermal coal and liquefied natural gas (LNG) will be under pressure in the long term because of structural shifts like surge in supplies, move to alternate fuel, and slowing demand.

– PTI