2min chapter

Behind the Money cover image

How Dubai is reshaping the global oil trade

Behind the Money

CHAPTER

The Rise of the UAE as an Oil Trading Hub

When Russia invaded Ukraine last year, Western sanctions put a chokehold on Russian exports. What Tom heard about during those conversations only became more clear after he visited the UAE and saw everything for himself. For years, Tom Wilson says that one of the world's top oil trading centers was actually in a country that doesn't produce any oil at all.

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