Energy Trade
Energy trade refers to the buying and selling of energy resources, such as oil, natural gas, and electricity. This trade occurs between countries, companies, and markets, allowing them to meet their energy needs and manage supply and demand. Energy trade can help stabilize prices and ensure a reliable energy supply.
Countries often engage in energy trade to enhance their energy security and reduce dependence on domestic resources. For example, a country rich in natural gas may export it to another country that relies heavily on coal for power generation. This exchange promotes economic growth and fosters international cooperation.