For hedging purposes, the trader implements a collar strategy which includes purchasing an at-the-money Weekly put option and selling an out-of-the-money Weekly call K. B. The first step you should take is to learn the various terminologies used in the crude oil trade. The significant changes in world oil prices in the past decade demonstrate how all of these factors can influence oil prices, and they demonstrate the difficulty in projecting oil prices. - Instructtion Code'' is where the remitting bank (at the request of the remitter ) puts i a simple code instructing the beneficiary's Irrevocable corporate purchase order Maharatna ONGC is the largest crude oil and natural gas Company in India, contributing around 75 per cent to Indian domestic production. They are as follows: 1. 2024-05-28. At Bi-Petro, we pledge to provide our producers with unequaled customer service. The crude oil marketplace is worldwide, and their online trading platforms have made this exchange even simpler with the help of B2B e-commerce sites through which buyers and sellers can interact more easily and offer shipping to all across the world efficiently. We have been keeping touch with 7 Sellers, and 5 Seller Mandates directly. Brent Crude oil comes from North Sea oil fields, while WTI oil comes from U. Hello, We are a company in Turkey. Bi-Petro, Inc. Dear Sir ma We limited liability company under the law of Russian Federation as a direct seller bonafide mandate to an effective Russian Refinery We are capable to supply to you Russian products Such as JP54 ,D2, D6 ,MAZUT 100 75 & 99,EN590 ESPO JET A1 LNG LPG both on FOB and CIF SCO (Rotterdam & Russian port) kindly find the a Show More Oct 11, 2022 · Buy Crude Oil. Anyone caught spamming the group with any post not related to Crude Oil will be deleted and banned. 9 Volume (L): 20L Certification: SGS Grade: Top Grade Use: Cooki Mohammed AL Sayed. Sep 26, 2017 · Take delivery or resell the oil. Blco. The run rate across its nine refineries was 96%-98% in the first half of April. When fuel oils are bought and sold, the fuel oil’s grade determines the buyer’s and seller’s tax responsibilities for reporting and paying motor fuel taxes and the petroleum products delivery (PPD) fee, or sales 27200+ petroleum crude oil Buyers-Importers – Access to petroleum crude oil Wholesalers, Distributors, Purchasing and Trade Managers, Traders and Importers Directory. USA. We act as an agent for buyers and sellers of crude oil, natural gas and metals. Is a place real sellers meet real buyers of crude oil, kerosene, fuel and diesel,gas all crude oil refine products are available I do not need too much A. 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Delivery, Title, and Risk of Loss: Delivery, title, and risk of loss of the crude oil delivered hereunder shall pass from Seller to Buyer as follows: For lease delivery locations, delivery of the crude oil to the Buyer shall be effected as the crude oil passes the last permanent delivery flange and/or meter connecting the Seller's lease/unit Refined in the United States, WTI is a light and sweet crude oil which was traditionally priced $1 to $2 higher than Brent Crude. 345800+ Crude Oil Buyers-Importers – Access to Crude Oil Wholesalers, Distributors, Purchasing and Trade Managers, Traders and Importers Directory. Buyer Seller Join Free * By joining, Crude Oil Search over 10 Million + companies in cross border trade Explore our List of United States Buyers & Importers of Crude Oil, featuring a vast record of Crude Oil imported by United States with details on their shipment activities, trade volumes, trading partners, and more. Apr 12, 2022 · New York CNN Business —. Sep 19, 2023 · Crude Oil Prices and Important Markers Considered Globally. Dear Sir, We are looking for CORN OIL Grade A, 25,000mt X 12 months, Total 300,000mt, Inspection SGS, CO Hong Han Ki. Term: Twelve months, with possible rolls & extensions. Dislocated. V. ALGORITHM. Jan 9, 2023 · The idea of a buyers cartel for crude oil has been floated many times, but looks virtually impossible without the participation of India and China. 15 new posts today. Acting as agents for buyers and sellers of oil, gas and metals (derivatives and products), working with governments, large corporations, private companies, individuals or other agents. Product: Bonny Light Crude Oil (or other Nigerian light crude oil like Forcados or Qua Iboe), NNPC standard export specifications. Ltd. An analysis of 7 factors that influence oil markets, with chart data updated monthly and quarterly. Please read the provided procedure and you will see that it is ideal for both parties. 0) Buyer From China. This Confirmation, and the LEAP Master Agreement for Purchasing and Selling Refined Petroleum Products and Crude Oil (the “Agreement”), dated as Jun 30, 2023 · In 2022, the world produced an average of 80. The International Trade Administration, U. (1. Mar 3, 2024 · Tradewheel. Based on prices as of June 7, 2023. Malaysia. Date Posted: 24-Nov-2022. 1 The Seller appoints the Buyer as its exclusive agent for the sale of the Crude Oil on the terms and conditions set forth in this Agreement. Give on WhatsApp. Big Enough to Serve, Small Enough to Care. 8. 9 percent of the email "offers" and "deals" he gets any single Jul 17, 2017 · Crude oil is a commodity traded on the major world stock exchanges and the demand for crude, many times, surpasses the supply. Oct 28, 2022 · India emerged as the highest buyer of Nigeria’s crude oil, with N1. South Korea. Date Posted: 01-May-2024. Sellers desire to sell and Buyer desires to purchase all of the crude oil that is produced and owned by Sellers from such properties. Here you will get the best opportunity to grow your business internationally. Dec 19, 2022 · Buy Refined and Crude Corn Oil. What Is Brent Crude Oil? Serious buyers of crude oil needed: PB OIL TRADING LIMITED: 2023-12-23 Re: Jp54, Urea, D2, LCO, Petcoke: PETROTEK OIL: 2023-12-22 URGENT REQUEST FOR ESPO/EN590 FOB QINGDAO/ZHOUSHAN BUYER READY WITH ICPO. T. As for 2019, the commodity ended the year at $61 a barrel. Looking for Bonny light crude. After purchasing a derivative, the buyer has two choices: resell the derivative (hopefully for a profit) or take delivery of the oil according to the terms of the contract. Their exports of refined oil products to Jun 8, 2010 · It gives you ideas to find blco buyers worldwide. Feb 16, 2023 · During calendar year 2021, China was the fifth-largest export destination for U. Sellers own and produce crude oil from properties located within the lower forty-eight (48) states of the United States. EIA projects crude oil prices in the: Short-Term Energy Outlook ( Table 2. May 17, 2021 · The Nigerian National Petroleum Corporation (NNPC) has picked 26 foreign and local companies as well as 12 countries to lift the country’s crude oil for the next two years. Nigeria. If the B/L date is December 10 and the seller uses Dated Brent as the benchmark, then the value used in the • Second, the price of crude oil is the most significant factor determining the prices of petroleum products. Aug 16, 2023 · The outlook for crude oil prices is uncertain. A Crude Oil trader purchases a cargo and intends to store it until a buyer is procured. Apr 15, 2024 · LPG crude oil 305-82 QUANTITY: Minimum 50,000 MT Maximum 500,000 MT Annual contract CONDITION OF DELIVERY: FOB / CIF Andrey Nikiforov. 0K. Jan 29, 2024 · The price of industrial palm oil. Given the SPR’s proximity to oil export infrastructure in the U. Nigerian Oil Services. Ensure you speak with the crude oil seller over the phone to ask a series of questions. You can view multiple inquiries posted by urgent crude buyers that require bonny light crude oil in high frequencies on our website. Inquire Now Add to Favorites. If you’re a genuine crude oil buyer, crude oil buyer mandate, crude oil seller, or crude oil seller mandate, you can reach out to us through the contact form below. Quantity: 500,000 bbl. Step 5: Crude Oil Seller Ships The Oil To The Crude Oil Buyer. 2023-12-16 REQUIRED EN590 10 PPM ROTTERDAM HUSTON FUJAIRAH: Stellar Horizon May 13, 2021 · The refiner has since cut run rates across its refineries to an average of 88%, company officials said May 12. We have been keeping touch with 1 Oil Refinery directly. That puts annual crude oil production at around 29. May 19, 2017 · After which the crude oil seller could either send a Corporate Offer or send the final contract. 1. Making new oil and gas trading network. Nigerian Crude Oil Forward Exchange Platform Explanation - Click to Open. Jun 21, 2017 · 3). NO UPFRONT, NO DEPOSIT, NO TANK EXTENSION: Chiano Global Ventures Ltd. Oct 28, 2022 · Buy Refined Sunflower Oil and Crude Oil. Our buyers adhere to specific procedures, Nancy Mills. Every day, millions of gallons of crude oil are sold and purchased on the open market. The trader wishes to hedge his price exposure over the coming week as he finds a buyer. Petroleum fuel oils are classified into six grades, Numbers 1 – 6, based on each oil’s viscosity, volatility and toxicity. Now the crude oil seller would purchase the crude oil from the NNPC on FOB terms and ship the oil to the crude oil buyer anywhere they are in the world. 6 million barrels (570,000 m3) of crude oil and is operated by Chevron in Delta State. +234 805 953 5778. 22. Seller issues electronic version of the Contract for the Buyer’s agreement. Dec 16, 2022 · BUYER’s cargo of Crude Oil, plus any administration fee levied by the SELLER for selling such cargo of Crude Oil; (b) any costs incurred or associated with the sale or disposal of the BUYER’s cargo of Crude Oil, plus ten (10) percent of the sales proceed as marketing fee; Crude Oil Brokers are dedicated crude oil buyer and seller brokers or facilitators. 6. Created 6 years ago. Tags: UK Bonny Light Crude Oil Buyers UK Mazut100 Buyers For instance, the seller and the buyer could agree that the cargo is valued on the basis of the average prices of the benchmark around the Bill of Lading (B/L), with the B/L date as day zero and 2 days before and after the B/L. Date Posted: 06-May-2024. Date Posted: 27-Oct-2023. However, the Gulf Coast also has the highest concentration of domestic oil refining capacity. There are currently 72 Bonny Light Crude Oil international importers waiting to connect with suppliers on Tradewheel. The list of Bonny Light Crude Oil (BLCO) Buyers and Sellers. In 2017, the average price for WTI crude oil stood at $50. 75 million barrels of oil per day (including condensates). The market for crude oil is a competitive market with many sellers and many buyers. Seller's Bank sends SWIFT message to Buyer's Bank of Seller being ready, willing and able to issue Proof of Product (POP) from Russian Supplier within (6) Banking days and to provide Performance Bond (PB) after receiving BCL by SWIFT from Buyer’s Bank. 5 billion barrels, with the market size exceeding $2 trillion at current prices. industry, and ensuring fair trade and compliance with trade laws and agreements. Aug 21, 2017 · Whatever position that helps crude oil buyers in Nigeria to close genuine crude oil transactions fast, transparently, and easier, we can make the process as stress-free as possible. Date Posted: 21-Dec-2022. 4. Due to the stay-at-home orders related to the pandemic, people are driving a lot less than usual and buying a lot less gasoline than usual. Item : refined sunflower oil. 4 M BBLS PER MONTH NEEDED PLEASE CONTACT WHATSUP +16043748926 PHONE +12053414292. Learn more about Crude Oil Brokers and Facilitators. Gunvor’s physical availability of crude oil continues to expand and diversify, and the company consistently trades more than a million barrels a day and has access to more than 10 million barrels of strategically located storage capacity. The buyers and sellers that we work with are usually reasonable in their expected sale procedures. com is the best b2b platform where you can easily sell bonny light crude oil to worldwide buyers and importers. Indian refineries typically consume a diet of sweet and sour crudes, and the country is the single-largest buyer of Nigerian crude. 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