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How Dubai is reshaping the global oil trade
Behind the Money
The US and EU's Position on the Oil Price Cap Shift
UAE registered traders appear to have found ways to get around the price cap and ensure that Russian oil continues to flow. I think we're going to see more traders relocating there, and we'll see Dubai continue to establish itself as one of the preeminent energy trading hubs in the world. And for me, it really speaks to this broader economic shift that we're seeing happening in the world - from consuming countries to producing countries.
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