We currently live in an age where we rely very heavily on the oil trading industry. It not only fuels the majority of the world’s transport but is used in the supply chain of countless of products we interact with in our daily lives from plastics and medicines to paints and detergents.
EXALTA has a strong network in and deep understanding of the crude oil industry and has completed mandates from the Middle East, Europe, Asia.
Crude oil, also known as petroleum, is a non-renewable liquid resource which is formed and trapped under the earth’s surface. It consists of the remains of organic material which has been subject to millions of years of increased temperature and pressure. Variations in the composition of organic material, temperature, and pressure result in different mixtures of crude oil which affects the viscosity, weight and colour.
Once large quantities of crude oil have been discovered in areas known as reservoirs, companies embark on drilling to facilitate the extraction of the crude oil via oil wells. Relatively speaking, of all the oil products, crude oil itself is not of a particularly high value.
Crude oil is mostly composed of chains of hydrocarbons of different lengths which serve a plethora of uses. They are separated through fractional distillation in oil refineries into different batches of hydrocarbons with similar properties. Separated, they are much more useful as they can be processed into products in demand and are therefore of a much higher economic value than the crude oil mixture.
Crude oil can be refined into:
Crude oil is classified by geographical location, in other words, the location from which it was extracted. It is then further classified by the density and its non-hydrocarbon components, particularly sulphur.
Typically, traders in the physical oil market specialise in key markets which they are responsible for buying from and selling one or more derivatives of crude oil, generally from the same distillates group. There are also traders who are specialists in crude oil trading.
The price of crude oil is governed by supply and demand, global output and worldwide economic prosperity. Low economic growth and domestic production reduces the demand for imports meaning oil companies are forced to compete in new markets by discounting prices.
Countries with the largest proven oil reserves include Venezuela, Canada, Saudi Arabia, Iran, Iraq, Russia, Kuwait and the United Arab Emirates while the top producers of oil are Russia, Saudi Arabia, the United States, Iraq, China and Iran. The physical markets are mainly dominated by Saudi Arabia and Russia who both account for roughly 13% of the global production. Crude oil is transported via pipelines and shipping but it depends on the company, logistics, economics and location.
We work with a network of crude oil trading specialists in offices around the globe. We together have first-hand knowledge and expertise in the markets, maintain long-term relationships with key market participants producers, refiners, logistics companies and storage experts and are actively involved in developing projects related to existing and new crude oil flows.
EXALTA your partner for Oil in any market.
You might not be ready to step out of your home market, you might not be used to commercial negotiation or developing the network of partners needed to gain access to a particular market or customer, but EXALTA is.
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