The Energy Transition refers to the global shift from non-renewable energy sources to renewable ones. This transition is driven by the need to reduce carbon emissions and mitigate the impact of climate change. The effects of this transition are far-reaching and can be felt across various sectors of the economy. One sector that has been significantly impacted by the energy transition is the oil profit industry. In this article, we will examine the impact of the energy transition on oil trading and how it is changing the industry.
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