• India likely to boost purchases of US oil, gas following Trump’s announcement

    India may purchase more American energy as US President Donald Trump’s pro-oil and gas policies will increase US supplies to the global market, weighing on prices, Oil Minister Hardeep Singh Puri said on Tuesday

    “If you were to ask me whether more American energy is going to come on to the market, my answer is yes,” Puri said on the sidelines of SIAM’s International Symposium for Thriving Eco- Energy in Mobility. “If you say there is a potent possibility of more purchase of energy between India and the US, the answer is Yes.”

    The US is already a large supplier of oil and gas to India.

    Trump wants to leverage American oil and gas resources to spur manufacturing in the US. “We have something that no other manufacturing nation will ever have: the largest amount of oil and gas of any country on Earth. And we are going to use it,” Trump said at his inauguration ceremony on Monday. “We will bring prices down, fill our strategic reserves up again, right to the top, and export American energy all over the world.”

    Share This
    Facebooktwitterlinkedinyoutube