World Oil Trade: New Oil Axis

We have got used to worrying about which volatile region our energy supplies come from. Now change is afoot, new worries for different people. The world oil trade is moving from west to east, with demand growing in a region with few supplies. New balances are developing which will shape the oil market and change its geopolitics. Asia’s oil will largely come from the Middle East, an area on which it has little expertise. Atlantic countries need to look to Russia and Central Asia.

The World Today
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