Energy: Energy: Normal economics at play now Kotak Sec,

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Energy: Energy: Normal economics at play now
 Weak global oil demand and limited boost to demand despite low prices
 Normal economics versus 'reverse' economics - cost of production matters
for a change
 Reduce crude price assumptions further while noting excess 'available'
supply in CY2015-16
 Lower crude prices a positive for economy, not so much for companies

LINK

http://www.kotaksecurities.com/pdf/indiadaily/indiadaily07012015aw.pdf