Global Supply Stability
According to the Indian Petroleum Minister Hardeep Puri, there is no foreseen energy shortage on the horizon. This confidence stems from the expanding
production of oil from several countries globally. Nations such as Brazil, Guyana, Canada, and Suriname are contributing to the increase in available oil, thereby helping to maintain a consistent supply to the global market. This increase in oil availability from multiple sources ensures there is less chance of disruptions and allows for more stable and predictable pricing and supply mechanisms. The focus is on a global market that is able to handle its energy demands without significant stress, supported by a diverse group of producers that collectively contribute to worldwide supply and create energy security.
