Monday 07, July 2014 by Robin Amlôt

Deloitte: Shift of Middle East crude oil from US and European markets toward Asia

The ripple effects of the North American energy boom from major importer to soon-to-be exporter are being felt across the Middle East, Russia and China, reports Deloitte.  This trend will result in new sources of supply, increase competition, reshape the global geopolitical landscape and create greater interdependencies among nations, according to the Deloitte’s 2014 Oil and Gas Reality Check report.

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