Oil Trade Is Moving Away From Europe ...Middle East

OILPRICE - Economy
Oil Trade Is Moving Away From Europe
source : OILPRICE ( Middle East ) () 40
Oil is the largest commodity in the world, with the global crude oil market in 2022 estimated at $2.7 trillion. This trade is facilitated by both public and private entities and is dominated by traders of all types. Leading oil producers including the United States, Saudi Arabia, the United Arab Emirates, Russia and Iraq deliver oil to consumers like the European Union (EU), with a large part of Europe’s oil going through the ARA Amsterdam-Rotterdam-Antwerp) trade hub. The ARA region is a highly interconnected network of ports…

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