Sachin Kotecha

How the Global Oil Market Works: The Hidden System Powering the World

How the Global Oil Market Works: The Hidden System Powering the World

The global oil market is a complex system where crude oil is produced, transported, traded, stored, and consumed across international markets. Oil prices are influenced not only by supply and demand but also by geopolitics, OPEC decisions, financial futures markets, global shipping routes, and production economics. Understanding how the oil market works reveals how energy flows power the global economy and why oil prices move worldwide.