What India can expect from Trump's return

I may be too early to predict how Donald Trump's second term as president will impact the global oil market.

- Tirthankar Mitra

However, his victory, coupled with rising oil production from countries in the Western Hemisphere, is expected to increase oil availability in the international market, which would be beneficial for importers like India.

While it's important not to jump to conclusions, industry leaders are optimistic that higher production from countries such as the U.S., Canada, Brazil, and Guyana could prompt the OPEC+group of oil producers to reconsider their production cuts and raise output. Trump's diplomatic efforts, especially those aimed at reducing geopolitical conflicts, could significantly affect oil availability and affordability.

With more oil entering the market, the situation is likely to stabilize. However, at some point, producers may reduce production to avoid oversupply.