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India's Gail reports 77% drop in profit in January-March

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India's Gail reports 77% drop in profit in January-March

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Natural Gas News
India's Gail reports 77% drop in profit in January-March

Summary

The profit was up quarter/quarter, however. by: Shardul Sharma

Indian state-run gas marketing company Gail May 18 reported a significant decline in net profit for the January-March quart...

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While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.

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