Fashion
Crude oil prices exposed: 15 years of shocks, surges, and secrets
The global crude oil trade is one of the most intricate and strategically sensitive networks in the world economy. Unlike most commodities, crude oil does not simply move from producer to consumer. It flows through a web of geopolitical relationships, maritime chokepoints, pipeline systems, refining constraints, and shifting demand centres. The diagram below illustrates this complexity by mapping the major supply hubs, demand centres, trade routes, and infrastructure that connect them.
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