@hvgoenka Cost of shipping crude increases dramatically (USD per barrel per 1,000 km)
VLCC $0.01
Pipeline $ 0.02-0.05
Road $5.0-10.0
A VLCC takes 2-3 yrs to build, a pipeline up to 10 years (also linked to terrain and displacement). Road also has loading offloading challenges.
#Nifty50 forming a new pattern I call the "ECG pattern". Showcasing the heartbeats of the Indian traders/investors in the market #IndiaElections2024#GreedandFear