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Oil trade set to hit record at UAE ports as traders point to Russia, Iran cargoes

November 30, 2023 Comments Off

The UAE’s key regional oil trading ports are on track to handle record volumes of fuels and other oil products this year in what traders say reflects displaced supplies from Russia, growing Iranian exports and new refineries in the region. Some of the biggest gains in overall traded volumes have been seen at the Gulf oil producer’s smaller, lesser-known oil…