Thursday, January 30, 2025
OPEC Cuts Will Bring Crude Oil into Balance in 2017: UBS

Middle East’s Oil Depends on South China Sea to Reach Asian Customers

30%+ of global maritime crude oil moves through the South China Sea: EIA The South China Sea is a major trade route for crude oil, and in 2016, more than 30% of global maritime crude oil trade, or about 15 million barrels per day (b/d), passed through the South China Sea, according to a new report by the EIA.