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Elimination of US Export Ban on O&G may Stronger the Indian Economy

News:

The US, seemingly awash in crude oil after an energy boom sent thousands of workers scurrying to the plains of Texas and North Dakota, will begin exporting oil for the first time since the 1973 oil embargo.
Source: ET

SNP Insight:

Removing the ban of oil export by US is likely to further lower the international price. It is probable to benefit the economy of both the country i.e. US and India. However it will be interesting to see in the near future that it is just a cycle of business or geopolitics war.
Source: SNP Infra Research