oil exports
Crude sent abroad
Oil exports are shipments of petroleum and petroleum products sold to foreign countries.
Nations with large reserves—Saudi Arabia, Russia, Venezuela—depend heavily on oil exports for government revenue.
The term appears constantly in discussions of trade balances, energy policy, and geopolitics: Oil exports fell sharply after sanctions took effect.
- global marketsInternational commercial trading systems
- trade balanceExport-import surplus or deficit
- production quotasAssigned manufacturing minimums
- embargoesRestrictions on international commerce
- OPECPetroleum exporters' coalition
Saudi Arabia · petrodollars · economic sanctions · shipping lanes · energy security · pipeline infrastructure · trade wars · strategic reserves · geopolitical tensions · storage facilities · black gold · bilateral agreements · trade agreements · petroleum · offshore · crude · Gulf · revenue
- Maghreb economyphosphates, citrus, dates, olives, tourism
- Energy RegulationEPA, emissions standards, gas laws, offshore drilling, BLM
- AfricaEgypt, Kenya, Nigeria, South Africa, Tanzania
- Oil Marketspetroleum, OPEC, crude, spot price, refinery
- African economicsGDP, GDP growth, foreign investment, trade deficit, trade deficits
- Middle East economiespetroleum, OPEC, petrodollars, Aramco, diversification