ADVERTISEMENT
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 ![NDTV Profit](/icons/feather-without-circle.svg)
![NDTV Profit](/icons/timer.svg)
![<div class="paragraphs"><p>(Source: Freepik)</p></div>](https://media.assettype.com/bloombergquint%2F2024-05%2F0fb9b149-a54c-4d1b-961e-32c0cb0fb470%2Foil_pump_jack_oil_field_sunset_sky_background_extraction_oil_petroleum_concept_toned_155402_1471.avif?rect=0%2C41%2C900%2C506&auto=format%2Ccompress&w=200)
(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...
![](/images/white_gradient.png)
I’m already a Subscriber Sign In
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Choose a plan
Renews automatically. Cancel anytime.
Access to
Curated
Newsletters
20,000+
Research Reports
Priority Pass
to Special Events
Ad-Lite
Experience
Members-Only
Rewards
NDTV Profit
Exclusive Stories
Full Access to
NDTV Profit App
Access to
20,000+
Research Reports
Ad-Lite
Experience
NDTV Profit
Exclusive Stories
Curated
Newsletters
Priority Pass
to Special Events
Members-Only
Rewards
Full Access to
NDTV Profit App
Still Not convinced ? Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT