Union Minister Hardeep Singh Puri Discusses Global Oil Supply and India’s Biofuel Leadership
In New Delhi, Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, assured that the global oil supply remains secure. He highlighted that countries like Brazil, the US, and Canada are increasing their oil production. Puri stated, “Major consuming countries are not likely to face any shortfall of supplies.” Brazil is adding 300,000 to 400,000 more barrels per day, and the US and Canada are also expected to increase their output.
Puri expressed optimism about oil availability, citing contributions from major oil-producing nations. He also discussed India’s progress in biofuel and clean energy. He emphasized the importance of stable oil availability and predictable prices for economic growth, warning that geopolitical risks could disrupt shipping routes and increase costs.
Highlighting India’s leadership in sustainable energy, Puri mentioned the Global Biofuel Alliance, which now includes 28 countries and 12 international organizations. He sees the alliance as a key platform for green energy transition, with more countries expected to join.
Doubts Revealed
Union Minister -: A Union Minister is a member of the government in India who is in charge of a specific department or ministry. They help make important decisions for the country.
Hardeep Singh Puri -: Hardeep Singh Puri is an Indian politician who is currently serving as a Union Minister. He is responsible for handling important matters related to oil and energy.
Global Oil Supply -: Global oil supply refers to the amount of oil that is available for use around the world. It is important for running vehicles, industries, and generating electricity.
Biofuel -: Biofuel is a type of energy made from plants or animal waste. It is considered more environmentally friendly than traditional fuels like petrol and diesel.
Global Biofuel Alliance -: The Global Biofuel Alliance is a group of countries and organizations working together to promote the use of biofuels. It aims to make energy cleaner and more sustainable.
Geopolitical risks -: Geopolitical risks are problems that arise due to political issues between countries. These can affect things like oil prices and availability.
