Oil is the world’s number 2 export product outpaced only by exported cars. Amounting to 4.3% of the global value of all export products, crude oil shipments totaled US$678.1 billion for 2016. That figure represents a -59.4% drop in value since 2012 and a -11.4% decline from 2015 to 2016. Middle Eastern countries accounted for […]
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