New Delhi, Oct. 13 -- Oil and Natural Gas Corporation (ONGC) on Monday said it expects global crude oil prices to stay between USD 60 and USD 65 per barrel in the current market situation. The company stated that it is preparing for a steady phase of operations in a USD 60-per-barrel environment and does not anticipate any major decline in prices below this level.

Speaking at a press conference held by ONGC's senior management on Monday, officials said the company is aligning its operations and financial planning with this price outlook.

"We are expecting crude oil prices to remain in the range of USD 60-USD 65 per barrel in the current scenario," the management stated, adding that ONGC is actively working on cost optimisation measures ...