This blog is part four of a series that explores the intricate history of oil. 1973-1994: The Middle East Shrugs its Shackles It is important to understand that the oil industry is largely a Western invention and is very much American led. When America began making overtures to King Ibn Saud of Saudi Arabia in […]
This blog is part three of a series that explores the intricate history of oil. 1921-1973 – War, Depression, and the Long Boom Prior to the unraveling of the European and American Pax imposed on the Middle East, the Texas cowboys would have their day. It is not unfair to say that the oil industry matured […]
Asia has emerged as one of the most, if not the most, significant growth markets in the world for petroleum products. And its influence on supply and demand economics, price formation and trade flows globally is only set to increase. However despite this trend, it’s important to keep in mind how this growing market for petroleum […]