Over 30% of Global Crude Oil Trade Moves Through South China Sea

Over 30% of Global Crude Oil Trade Moves Through South China Sea

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 US EIA. …
Aug 29, 2018 /  Curious