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Ian Bremmer Explains Why Crude Oil Is Not Reacting To Geopolitical Tensions
A substantial increase in American crude oil and LNG production has significantly simplified things, he said.
23 May 2024, 07:49 AM IST 
(Source: Freepik)
Geopolitical tensions are not currently affecting the oil market, but they are having an impact on inflation, according to Ian Bremmer, president of Eurasia Group. Americans, at no point, wanted to cut off oil export from Russia, as it would have caused a global recession, he told NDTV Profit in an interview.Such a move could have caused a rise in oil prices and posed a threat to Biden's re-election prospects. The situation is simila...
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