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The players in the CRUDE OIL MARKET.
Who are they?|
These must be the Oil Majors...
BP, Exxon-mobil, Conoco Phillips, Shell, Total.............25% share of world's production
then we have
Aramcco, Kuwait, Iraq.............another 25% of the world's production
on the other side of the ring.....we have other national oil companies...
ie. Russian, Venezeulan, Iranian, Central Asian, Brazil, Mexico, Nigeria, Sudan, Angola, Sinopec, CNOOC, PetroChina, Pertamina, Petronas.........with the other 50% of the production
The oil price benchmarking is set....on (1) Brent crude and the (2) The Texan sweet....correct?
So, the oil prices in the European and American world is set by the COMMODITY TRADING PITS in USA and Britain.....and probably out of whack to real prices being realized.....
so the (3) Iranian Oil bourse?????
how long can the OIL PRICES in UK and USA be out-of-whacked from realities of the global marketplace?????