(Bloomberg) -- The world’s oil map is being redrawn as the industry becomes increasingly intertwined with renewables, according to consultancy Wood Mackenzie Ltd. Oil majors that want to reduce their ...
The global oil map is being redrawn as the long-run impact of western sanctions channels more barrels from Russia to Asia’s largest economies, with China also taking crude from Iran and Venezuela.
Russia's increasing dominance in India's oil imports has altered trading dynamics but the position of major suppliers from the Middle East has been mostly maintained. Iraq, Saudi Arabia and the UAE ...