energy trade

Energy trade refers to the exchange of energy resources, such as oil, natural gas, coal, and electricity, between countries or companies. This trade allows nations to access energy supplies that they may lack and to sell surplus energy to others. It plays a crucial role in global economies, influencing prices, energy security, and international relations. Renewable energy sources, like wind and solar, are also becoming significant in this trade. By diversifying energy sources and engaging in trade, countries can enhance their energy independence and address environmental concerns while meeting their energy needs.