Countries on both sides of the Atlantic Ocean.

In oil trading, the world is typically considered at the highest level of aggregation in two parts: the Atlantic Basin and the East of Suez region. The former includes countries around the Atlantic rim, i.e. the Americas, Europe, West and North Africa and also Russia and Caspian countries that generally export towards Europe. The East of Suez region consists of the Middle East, Asia, East Africa and Australia.