look news india
The return of Donald Trump, who won the presidential election by a huge vote in America, has increased the expectation of many changes in the world. There will be a change of power in America in January next year and it will affect many policies of the world, but the biggest benefit of this can be to the common people of India, because they can get the gift of cheap petrol and diesel.
India’s Petroleum Minister Hardeep Singh Puri says that the return of Donald Trump will increase the supply of crude oil in the world. With this, its prices are expected to reduce and India is expected to get its full benefit.
Crude oil supply will increase
The country’s Union Minister Hardeep Singh Puri said in a program here that the supply of crude oil will increase in the global market. A large quantity of crude oil will come to the market from America. America currently produces 1.3 million barrels of crude oil per day. It is believed that production will increase by 1 million barrels per day and believe me, this will definitely happen after Donald Trump’s victory.
If crude oil production and export increases in America, the pressure on international crude oil prices will reduce. Crude oil prices have already softened a bit due to China’s declining demand and increasing crude oil production.
Prices can fall this much!
According to the information, the price of crude oil can reach $ 70 per barrel. This will be very good for India and the world. However, tensions between Russia and Ukraine in Europe and Israel and Iran in West Asia and production cuts by oil producing countries may have a modest impact on crude oil prices.
In such a situation, the re-emergence of Donald Trump has strengthened the hopes that he can play an important role in resolving the tension between Ukraine and Russia. It can also handle the situation in Israel. If this happens then the situation in the world will change rapidly.
