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Find Verified Crude Oil Buyers, Importers and Buy Leads

Jun-25-24
Buyer From Bangladesh
Buyer Of Air Conditioner Parts   |   Compressors   |   Office Automation Software   |   Refrigerator Compressors   |   Refrigerator Parts   |   Disposable Cups   |   Paints   |   Industrial Pumps   |   Industrial Gears & Gear Boxes   |   ATM - Automated Teller Machines   |   Disposable Cutlery   |   Batteries & Chargers   |   Kerosene Oil   |   Storage Tanks   |   Household Cleaning Products   |   Frozen Fish   |   Frozen Tuna Fish   |   Fresh Sea Cucumber   |   Petroleum By Products   |   Fresh Lobsters   |   Fresh Snapper Fish   |   Garbage Bags   |   Fresh Mackerel Fish   |   Fresh Salmon Fish   |   Diesel Generators   |   Plastic Carrier Bags   |   Soaps & Detergents   |   GPS Navigation System   |   Electric Power Generators   |   Meat & Poultry   |   Electric Components   |   Automobile Gear Boxes   |   Industrial Safety Shoes   |   Frozen Mackerel Fish   |   Frozen Cuttlefish   |   Fresh Tuna Fish   |   Fresh Fruits   |   Fresh Meat   |   Fresh Sardine Fish   |   Fish Maw   |   Fresh Shrimps   |   Fresh Squid   |   Frozen Squid   |   Frozen Sardine Fish   |   Fresh Vegetables   |   Frozen Lobsters   |   Sunflower Oil   |   Fish   |   Fresh Prawns   |   Fresh or Chilled Fish   |   Dried Seafood   |   Fresh Crabs   |   Frozen Sea Cucumber   |   Fresh Cuttlefish   |   Crude Oil   |   Fruits   |   Electric Switch Gears   |   Sewing Machine Spare Parts   |   Palm Oil   |   Diesel   |   Marine Equipments & Spare Parts   |   Automobile Spare Parts & Supplies   |   Frozen Shrimps
Nov-18-22
Buyer From Bangladesh
Buyer Of Tungsten Scrap   |   Stainless Steel Scrap   |   Sugarcane Products   |   Sport Shoes   |   Industrial Alcohol   |   Fresh Ginger   |   Pink Salt   |   Petrochemicals   |   Fresh Meat   |   Fresh Lamb   |   Edible Oils   |   Palm Oil   |   Aluminum Ingots   |   White Rice   |   Lentils   |   Copper Plate Scrap   |   Frozen Beef   |   Black Tea   |   Shoes (Personal)   |   Briquette   |   Aviation Supplies   |   Fish Eggs   |   Milk & Milk Products   |   Cheese   |   LPG/LNG & CNG   |   Urea   |   Other Type Of Rice   |   Vegetable Oils   |   Petrol   |   Emulsion Paint   |   Milk Powder   |   Construction Blocks   |   Marble Slabs   |   Condensed milk   |   Red Chilli   |   Milk Cream   |   Stainless Steel Wire Scrap   |   Aluminium Extrusion Scrap   |   Pipeline Monitoring Systems   |   Rock Salt   |   Cranberry Gloves   |   Fresh Lemon   |   Petroleum By Products   |   Stainless Steel Sheet Scrap   |   Stainless Steel Coil Scrap   |   Granite & Marble Products   |   Canola Oil   |   Bitumen, Asphalt   |   Soybean Seeds   |   Spices   |   Cumin Seeds   |   Cloves   |   Cardamom, Cinnamon   |   Wheat Flour   |   Medical Face Masks   |   Kidney Beans   |   Jatropha Oil   |   Gas Lighters   |   Solar LED Street Lights   |   Stainless Steel Sheets   |   Steel Scrap   |   Cotton   |   Chilli Powder   |   Turmeric Powder   |   Diesel   |   Nitrile Disposable Gloves   |   Aluminium UBC Scrap   |   Frozen Meat   |   Pepper   |   Flour   |   Fresh Pork   |   Turmeric   |   DAP (Diammonium Phosphate)   |   Aluminum Scrap   |   Fuel Saving Devices   |   Fresh Chicken   |   Corn   |   Coffee   |   Corn Oil   |   Food Products   |   Hand Sanitizer   |   Chicken Eggs   |   Soya Oil   |   Zinc Ingots   |   Green Cardamom   |   Stainless Steel Plate Scrap   |   Rapeseed Oil   |   Rice   |   Sunflower Oil   |   Steam Coal   |   Methanol   |   Zinc Scrap   |   Stainless Steel Turning Scrap   |   Alcohol Based Hand Sanitizer   |   Sulphur   |   Aluminium Alloy   |   Crude Oil   |   Fresh Beef   |   Fresh Mutton   |   Coffee Beans   |   Soybean Oil   |   Other Edible Oils   |   Caustic Soda   |   Steel Scraps   |   Aluminium Scrap   |   Steel Alloy Scrap   |   Chickpeas   |   Wheat   |   Tea   |   Himalayan Salt   |   Sea Salt   |   Sugar   |   All Purpose Flour   |   Cooking Gas Stoves, Regulators & Burners   |   Light Emitting Diode   |   Granite Slabs   |   Medical Gloves   |   Automobile Oils, Lubricants, Greases & Paints   |   LPG Cylinders   |   Electric Transformers   |   Lubricants   |   Frozen Chicken   |   Copper Scrap   |   Stainless Steel Scrap   |   Guar Gum   |   Green Tea   |   Kerosene Oil   |   Fresh Cut Flowers   |   Used Oil   |   Frozen Pork   |   Zinc Oxide   |   NPK   |   Stainless Steel Pipes & Pipe Fittings   |   Zinc   |   Iron Ore   |   Stainless Steel Flange   |   Coke   |   Soybean   |   Aluminium Dross   |   Fertilizers   |   Manganese   |   Fresh Flowers   |   Beans   |   Charcoal
Nov-15-22
Buyer From Bangladesh
Buyer Of Gas Lighters   |   Stainless Steel Sheets   |   Stainless Steel Rods & Strips   |   Almonds   |   Diesel Engines   |   Metal Scraps   |   Chocolate & Confectionery   |   Nitrile Disposable Gloves   |   Steel Bars   |   Nickel Alloy   |   Mineral Water   |   Engine Spare Parts   |   Pistachio   |   Plastic Scrap   |   Diesel   |   Lead Scrap   |   Nickel Scrap   |   Tungsten Scrap   |   Flax Seeds   |   Walnuts   |   Palm Oil   |   Copper Scrap   |   Thermal Paper Rolls   |   Aluminum Sheets   |   Butter   |   Water Filters, Water Treatment Plants   |   Computer CPU   |   Tyre Scrap   |   Aluminum Coils   |   Thermal Paper   |   Milk & Milk Products   |   Battery Scraps   |   Stainless Steel Bars   |   Tungsten Products   |   Poultry   |   Frozen Meat   |   Snacks   |   Medical Supplies & Disposable   |   Shipping Containers   |   Aluminum Plate   |   Biscuits   |   Wood Charcoal   |   Oil Seeds   |   Fish   |   Medical Syringes   |   Pickles & Sauces   |   Latex Surgical Gloves   |   Nickel   |   Sheet Metal Components   |   Aluminum Bars   |   Milk Cream   |   Paper Rolls   |   Steel Sheets   |   Wheat   |   Sugar   |   Surgical Equipments & Disposables   |   Crude Oil   |   Milk Powder   |   Frozen Chicken   |   Latex Examination Gloves   |   Computer Scrap   |   Aluminum Ingots   |   Kerosene Oil   |   Used Rail Scrap   |   Sunflower Oil   |   Frozen Pork   |   Soybean   |   Fresh Fruits   |   Cobalt   |   Rubber Scrap   |   Chicken Eggs   |   Frozen Seafood   |   Baby Food   |   Body Deodorants   |   Medical Face Masks   |   Teak Wood   |   Computer - RAM & ROM   |   Dried Fish   |   Chewing Gums   |   Firewoods   |   Medical Needles & IV Cannula   |   Steel Strips   |   Fresh Chicken   |   Fruits   |   Soft Drinks   |   Face Cream   |   Motor Scrap   |   Energy Drinks   |   Cosmetics & Beauty Products   |   Aluminum Scrap   |   Foams   |   Copper Cathode   |   Stainless Steel Plates   |   Chickpeas   |   Petroleum By Products   |   Used Oil   |   Cashew Nuts   |   Shampoo   |   Medical Gloves   |   Electric Motors   |   Copper Plate Scrap   |   Frozen Shrimps   |   Briquette   |   Chia Seeds   |   Fertilizers   |   Incense Sticks   |   Charcoal   |   Soaps & Detergents   |   Heavy Melting Scrap (HMS)   |   Frozen Squid   |   Dried Seafood   |   Guar Gum   |   Body Lotion   |   Zinc Ingots   |   Waste Paper   |   Sunflower Seed   |   Lentils   |   Candies   |   Chocolates   |   Computer - Motherboards   |   Aluminium Scrap   |   Grains & Cereals   |   Cashew Kernel
Aug-21-22
Buyer From Bangladesh
Buyer Of Fresh Crabs   |   Other Spices Powder   |   Dehydrated Spices   |   Jasmine Rice   |   Ginger, Garlic, Onion, Potato   |   Coconut Shell Charcoal   |   Industrial Valves & Gauges   |   Other Frozen Fishes   |   Frozen Shrimps   |   Garam Masala   |   Basmati Rice   |   Cashew Nuts   |   Wheat   |   Fresh Green Chilli   |   Tea   |   Sugar   |   Sesame Seeds   |   Thai Rice   |   White Rice   |   Parboiled Rice   |   Coconut   |   Frozen Seafood   |   Other Fresh Fruits   |   Mint   |   Parsley   |   Frozen Meat   |   Fresh Fish Fillets   |   Pepper   |   Apricot   |   Resin   |   Lemongrass   |   Crude Oil   |   Tamarind Seed   |   Long Grain Rice   |   1121 Basmati Rice   |   Frozen Chicken   |   Red Chilli   |   Fresh Lemon   |   Fresh Potato   |   Fresh Broccoli   |   Fresh Pumpkin   |   Apple, Banana, Orange, Mango, Grape   |   Fresh Fruits   |   Rosemary   |   Green Tea   |   Coconut Water & Coconut Milk   |   Mineral Water   |   Soybean Meal   |   Herbal Extracts   |   COVID-19 Detection Kit   |   Beans   |   Passion Fruit   |   Pineapple   |   Watermelon   |   Desiccated Coconut   |   Indian Sweets & Namkeens   |   Veterinary Instruments & Products   |   Coffee Beans   |   Green Coffee   |   Canola Oil   |   Frozen Fish   |   Other Type Of Rice   |   Coco Peat & Coir Pith   |   Tapioca Starch   |   Mushrooms   |   Rapid Test Kits   |   Fresh Squid   |   Turmeric   |   Flour   |   Fresh Drumsticks   |   Avocado   |   Grapes   |   Mango   |   Coconut Shell   |   Fresh Roses   |   Thyme   |   Black Tea   |   Automobile Spare Parts & Supplies   |   Fresh Tilapia Fish   |   Fresh Sea Cucumber   |   Fresh Shrimps   |   Strawberry   |   Fresh Coconut   |   Pipe Valves   |   Cardamom, Cinnamon   |   Fresh Tomato   |   Fresh Cauliflower   |   Apple   |   Dragon Fruit   |   Wheat Flour   |   Frozen Tuna Fish   |   Rice   |   Broken Rice   |   Chips   |   Fresh Lobsters   |   Chilli Powder   |   Turmeric Powder   |   Chocolate & Confectionery   |   Fenugreek Seeds   |   Cloves   |   Fresh Garlic   |   Fresh Green Peas   |   Processed Vegetable Pastes & Purees   |   Fresh Ginger   |   DVD & Blue-Ray Discs   |   Sunflower Seed   |   Lentils   |   Fresh Vegetables   |   Fresh Cabbage   |   Fresh Cassava   |   Basil Leaf   |   Diagnostic Kits   |   Fresh Bitter Gourd   |   Pumpkin Seeds   |   Bolts   |   Frozen Octopus   |   Frozen Seaweed   |   Frozen Squid   |   Soybean   |   Banana   |   Guava   |   Orange   |   Peach   |   Dehydrated Fruits   |   Fresh Mackerel Fish   |   Canned Pineapple   |   Fresh Octopus   |   Fresh Seaweed   |   Vegetables   |   Rapeseed Oil   |   Starch   |   Used Rail Scrap   |   Mustard Seeds   |   Fresh Lady Finger   |   Fresh Onion   |   Other Fresh Vegetables   |   Olives   |   Corn   |   Shrimps & Prawns   |   Fennel Seeds   |   Milk Powder   |   Cumin Seeds   |   Fresh Carrot   |   Arabica Coffee   |   Robusta Coffee   |   Coriander Seeds   |   Nutmegs   |   Non Basmati Rice   |   Sella Basmati Rice   |   Fruits   |   Coffee   |   Sunflower Oil   |   Frozen Mackerel Fish   |   Papaya   |   Pear   |   Pomegranate   |   Olive Oil   |   Coconut Oil   |   Fresh Tuna Fish
Feb-08-20
Buyer From Bangladesh, Bangladesh
Buyer Of Vegetables   |   Sesame Seeds   |   Jasmine Rice   |   Thai Rice   |   White Rice   |   Thyme   |   Coconut Shell Charcoal   |   Baby Products   |   Automobile Spare Parts & Supplies   |   Fresh Snapper Fish   |   Fresh Tilapia Fish   |   Frozen Passion Fruit   |   Frozen Pineapple   |   Fresh Coconut   |   Fresh Tuna Fish   |   Turmeric Powder   |   Rice   |   Apricot   |   Frozen Seafood   |   Frozen Octopus   |   Frozen Seaweed   |   Pepper   |   Frozen Tuna Fish   |   Bitter Kola, Garcinia Kola   |   Rosemary   |   Frozen Meat   |   Fresh Octopus   |   Fresh Seaweed   |   Fresh Squid   |   Cloves   |   Cardamom, Cinnamon   |   Fresh Tomato   |   Fresh Cauliflower   |   Fenugreek Seeds   |   Fresh Carrot   |   Fresh Garlic   |   Fresh Green Peas   |   Angles, Frames   |   Frozen Squid   |   Tamarind Seed   |   Long Grain Rice   |   1121 Basmati Rice   |   Chocolate & Confectionery   |   Chips   |   Chilli Powder   |   Pear   |   Pomegranate   |   Green Cardamom   |   Nutmegs   |   Broken Rice   |   Non Basmati Rice   |   Sella Basmati Rice   |   Sunflower Oil   |   Starch   |   Turmeric   |   Peas   |   IQF or Frozen Fruits   |   Lemongrass   |   Flour   |   Crude Oil   |   Frozen Shrimps   |   Other Spices Powder   |   Coriander Seeds   |   Spices   |   Dehydrated Spices   |   Cumin Seeds   |   Ginger, Garlic, Onion, Potato   |   Coffee Beans   |   Green Coffee   |   Coco Peat & Coir Pith   |   Milk Powder   |   Fish   |   Mustard Seeds   |   Fresh Cassava   |   Fresh Ginger   |   Fresh Lady Finger   |   Fresh Onion   |   IQF or Frozen Vegetables   |   Fresh Fish Fillets   |   Fresh Mackerel Fish   |   Apple   |   Dragon Fruit   |   Papaya   |   Basil Leaf   |   Coffee   |   Sunflower Seed   |   Mushrooms   |   Fresh Vegetables   |   Fresh Cabbage   |   Fresh Crabs   |   Parboiled Rice   |   Other Type Of Rice   |   Coconut   |   Herbal Extracts   |   Beans   |   Grapes   |   Mango   |   Passion Fruit   |   Pineapple   |   Coconut Shell   |   Processed Vegetable Pastes & Purees   |   Frozen Avocado   |   Frozen Mango   |   Indian Sweets & Namkeens   |   Black Tea   |   Red Chilli   |   Fresh Green Chilli   |   Fresh Lemon   |   Fresh Potato   |   Apple, Banana, Orange, Mango, Grape   |   Knitted & Woven Garments   |   Springs   |   Frozen Chicken   |   Fresh Broccoli   |   Fresh Pumpkin   |   Fresh Fruits   |   Banana   |   Guava   |   Other Frozen Fishes   |   Fennel Seeds   |   Basmati Rice   |   Coconut Oil   |   Shirts & T-Shirts   |   Frozen Cuttlefish   |   Frozen Apple   |   Pumpkin Seeds   |   Shrimps & Prawns   |   Herbs   |   Corn   |   Green Tea   |   Fruits   |   Coconut Water & Coconut Milk   |   Veterinary Instruments & Products   |   Dried Flowers   |   Resin   |   Chickpeas   |   Wheat   |   Fresh Bitter Gourd   |   Fresh Capsicum   |   Parsley   |   Tea   |   Sugar   |   Frozen Mackerel Fish   |   Canned Pineapple   |   Mineral Water   |   Soybean Meal   |   Baby Jogging Stroller   |   Orange   |   Peach   |   Other Fresh Fruits   |   Dehydrated Fruits   |   Fresh Roses   |   Tapioca Starch   |   Frozen Tilapia Fish   |   Garam Masala   |   Watermelon   |   Desiccated Coconut   |   Artificial Grass, Synthetic Turf   |   Olive Oil   |   Frozen Fish   |   Fresh Lobsters   |   Fresh Sea Cucumber   |   Fresh Shrimps   |   Other Fresh Vegetables   |   Fresh Drumsticks   |   Avocado
ARCHIVED
Feb-04-22
Buyer From Meherpur, Khulna, Bangladesh
Quantity Required: 100,000 Barrels
Payment Terms: L/C Or CAD
Destination: Bangladesh
Looking for suppliers from: Worldwide
Product Description
ARCHIVED
Dec-27-22
Buyer From Bangladesh
Quantity Required: 100,000 Metric Tons
Payment Terms: L/C
Destination: Bangladesh
Looking for suppliers from: Worldwide
Product Description
ARCHIVED
Feb-08-23
Buyer From Dhaka, Dhaka, Bangladesh
Quantity Required: 300,000 - 2,500,000 Barrels
Payment Terms: SBLC MT 103
Destination: Mexico
Looking for suppliers from: Worldwide
Product Description
ARCHIVED
Apr-04-23
Buyer From Bangladesh
Quantity Required: 200 Metric Tons
Payment Terms: L/C
Destination: Bangladesh
Looking for suppliers from: Worldwide
Product Description
ARCHIVED
Mar-15-22
Buyer From Bangladesh
Quantity Required: 60 - 100 Metric Tons
Payment Terms: L/C Or T/T
Destination: Chottogram, Bangladesh
Looking for suppliers from: Worldwide
Product Description
ARCHIVED
Oct-30-23
Buyer From Bangladesh
Quantity Required: Not specified
Payment Terms: LC at sight
Destination: Chottogram Port', Bangladesh
Looking for suppliers from: Thailand
Product Description
ARCHIVED
Feb-14-22
Buyer From Bangladesh
Quantity Required: 40 Metric Tons
Payment Terms: L/C Or T/T
Destination: Chottogram, Bangladesh
Looking for suppliers from: Worldwide
Product Description
ARCHIVED
Nov-20-23
Buyer From Dhaka, Dhaka, Bangladesh
Quantity Required: 20,000 Liters
Payment Terms: LC
Destination: Chittagong /Mongla Port, Bangladesh
Looking for suppliers from: Worldwide
Product Description
ARCHIVED
Oct-07-21
Buyer From Bangladesh
Quantity Required: 1 Metric Ton
Payment Terms: L/C
Destination: Chittagong, Bangladesh
Looking for suppliers from: Worldwide
Product Description
ARCHIVED
May-11-22
Buyer From Bangladesh
Quantity Required: 1 Twenty-Foot Container
Payment Terms: LC
Destination: Bangladesh
Looking for suppliers from: Thailand, Indonesia
Product Description
ARCHIVED
Oct-08-21
Buyer From Bangladesh
Quantity Required: 1 Ton
Payment Terms: L/C
Destination: Bangladesh
Looking for suppliers from: Worldwide
Product Description
ARCHIVED
Jan-06-22
Buyer From Meherpur, Khulna, Bangladesh
Quantity Required: 500,000 Metric Tons
Payment Terms: 100% T/T Or L/C
Destination: Bangladesh
Looking for suppliers from: Worldwide
Product Description
ARCHIVED
Nov-23-23
Buyer From Bangladesh
Quantity Required: 500 Metric Tons
Payment Terms: L/C
Destination: Chittagong, Bangladesh
Looking for suppliers from: Worldwide
Product Description
ARCHIVED
Aug-12-21
Buyer From Bangladesh
Quantity Required: 140 Metric Tons
Payment Terms: L/C 70:30
Destination: Chattogram Sea Port, Bangladesh
Looking for suppliers from: Worldwide
Product Description
ARCHIVED
Jul-25-23
Buyer From Bangladesh
Quantity Required: 100 Metric Tons
Payment Terms: LC at sight
Destination: Bangladesh
Looking for suppliers from: Worldwide
Product Description
Discuss sourcing & trends in Crude Oil import export community

Crude Oil: The 'Black Gold' of Global Energy Markets & Cross-Border Trade

In simple terms, crude oil is an unprocessed petroleum product which occurs naturally. Made of hydrocarbons, it is formed over millions of years from remains of dead organisms or organic materials (like plants and marine life). Its name 'crude oil' comes from the fact that it is unrefined in nature and needs to be refined into various fuels (such as gasoline, diesel, jet fuel) and other petrochemical products. All these valuable by-products of crude oil are essential for multiple sectors, including transportation, electricity generation, and heating. This non-renewable, natural resource is extracted from the depths of the earth in its raw, liquid form. It is called black gold because of its dark color and high value as a global commodity. In fact, many economists think that crude oil is the single most important commodity in the world as it is the primary source of energy production in the current scenario. No wonder why crude oil buyers are actively seeking reliable suppliers who can fulfill this rising demand for petroleum-based products. 


Understanding the Global Crude Oil Market

The crude oil market is driven by a number of factors. The major ones include global economic growth, transportation needs, population increase, and seasonal changes. Countries with strong economies have higher industrial activities, which increases the consumption of oil-based products (like gasoline and diesel). On the other hand, economic downturns can reduce oil demand remarkably as we saw during the 2008 financial crisis. The transportation sector heavily relies on petroleum products, and any shift in transportation patterns or technologies can influence oil demand. Seasons changes are also responsible as colder winters increase the demand for heating oil and other related products. 


In addition, there are some factors that impact crude oil prices. These include:

  • Global supply and demand dynamics is a major factor. When the oil production or supply surpasses the consumption, prices tend to fall (due to surplus). And when consumption exceeds production, prices tend to rise (due to scarcity).

  • Geopolitical tensions like political instability and conflicts in oil-producing nations can cause supply chain disruptions as they decrease oil availability while increasing prices. 

  • It is important to note that currency exchange rates play a critical role in determining oil prices. Any change in the exchange rate impacts the cost of crude oil imports. 

  • Several government policies also impact domestic oil costs. For example, if the taxes on petroleum products are high, the prices increase for consumers. Moreover, import restrictions and price controls also affect the crude oil pricing structure. 

  • Did you know that OPEC+ decisions also determine global oil prices? Yes, when the Organization of the Petroleum Exporting Countries (OPEC) and its allies (collectively called OPEC+) decide to cut production, the global oil supply is reduced and prices increase.  And their decision to increase production leads to higher supply and lower prices. 


As a supplier or exporter, you should stay up-to-date with these factors to understand real-time crude oil price fluctuations.



Essential Crude Oil Grades and Types Every Exporter Should Know

The list of crude oil buyers worldwide typically includes government-run energy corporations, international oil refiners and petrochemical companies, private energy traders, licensed importers, as well as distributors in oil-deficient countries. Once you identify your buyer, you must cater to their demand based on the specific type or grade of crude oil they require. There are over 100 different types of crude oils that are traded globally. Here are the most common ones.


Most Common Crude Oil Types:

Crude Oil TypeDescription
Brent Crude Oil- Derived from the North Sea

- Light, sweet crude oil

- Benchmark for Africa and Europe
West Texas Intermediate (WTI)- Produced primarily in the United States

- Light, sweet crude oil with relatively low sulfur

- Benchmark for U.S. pricing
Dubai Crude- Produced in the Middle East

- Heavier and higher in sulfur

- Benchmark for Middle East exports to Asia


Talking about grades, crude oil is further classified on the basis of specific gravity or density (how dense the oil is in relation to water) as well as sulfur content.


Crude Oil Grades & Classification:

Grade TypeClassification BasisFeatures
Light Crude OilDensity (Specific Gravity)- Low density & high API gravity

- Low viscosity & sulfur content

- Yields higher value products (like gasoline & diesel)
Medium Crude OilDensity (Specific Gravity)- Density, API gravity & sulfur content falls between light & heavy crude oils

- Less valuable than light crude oil

- Easier to refine than heavy crude oil
Heavy Crude OilDensity (Specific Gravity)- High density & low API gravity

- High viscosity & sulfur content

- More complex and costly to refine
Sweet Crude OilSulfur Content- Low sulfur content (<0.5%)

- Easier & cheaper to refine

- More environmentally friendly
Sour Crude OilSulfur Content- High sulfur content (>0.5%)

- More expensive to refine

- Required more processing to remove impurities


You should also know that the demand for light, sweet crude oils (like WTI and Brent) is usually higher. This is due to the fact that they are more suitable for producing gasoline and other refined products. However, regions with large refining capacities may demand heavier, sour crudes. Also, crude oil is not traded in isolation as many buyers also seek other relevant petroleum, oil & related products, such as:


  • Automotive Diesel, Jet Fuel, and Light Diesel Oil
  • Coke and fuel oil (for industrial use)
  • Biodiesel and kerosene oil
  • Refined products like Diesel EN590, lubricants, and aviation fuel oil

Thus, there is a great opportunity for exporters who offer bundled or related commodities, as this can attract more buyers, especially in cross-border trade. 



Insights into the Global Crude Oil Trade: Export and Import Trends

Here are the key market insights that you should know to identify new potential markets and growth opportunities. 

Global Market Size Data:

MetricValue
Market Size (2024)$2.6 trillion
Expected Market Size (2030)$2.7 trillion
CAGR (2024-2030)0.90%

Source: Research and Markets


Top crude oil imports by country (2023-2024):

Crude Oil BenchmarkAverage Global Price (USD/barrel)
Brent Crude$80 – $85
West Texas Intermediate (WTI)$75 – $80
Dubai Crude$70 – $75

Source: Export Import Data


Global Average Crude Oil Prices by Benchmark:

Crude Oil BenchmarkAverage Global Price (USD/barrel)
Brent Crude$80 – $85
West Texas Intermediate (WTI)$75 – $80
Dubai Crude$70 – $75


Note: These are estimated global average price ranges based on trading trends over recent years. For real-time crude oil price updates, you can visit OilPrice.


To get the latest updates on petroleum products or connect with fellow traders, visit our Communities section.



How to Find a List of Crude Oil Buyers Worldwide?

Here are the most effective methods to find and connect with crude oil buyers near me or worldwide.

  • Attend major oil and gas trade events (like ADIPEC, CERAWeek, Biofuel Expo, or the World Petroleum Congress). These events gather refiners, traders, importers, and government agencies across the globe. Thus, these are ideal places for networking and finding potential crude oil buyers. 

  • B2B platforms like go4WorldBusiness give you access to verified crude oil buyers. You can go to these platforms, sign up, and list your products. You can even filter potential clients by country.

  • National chambers of commerce, especially in oil-importing countries, often maintain a crude oil buyers directory. You can reach out to them and other industry associations like OPEC, IEA, or IEF.

  • Social media platforms like Linkedin are a powerful tool to directly reach commodity traders, procurement managers, and energy analysts. Through a strong online presence, you can easily attract potential crude oil importers and buyers. 



Frequently Asked Questions (FAQs):

1. How to find genuine crude oil buyers?

To find genuine crude oil buyers, follow these ways:

  • Use buyer directories
  • Attend global oil & gas expos
  • Use B2B marketplaces (like go4WorldBusiness)
  • Reach out to related government trade boards 

Also, make sure to verify the licenses of potential buyers, along with their trade history.


2. Who is the biggest buyer of crude oil?

China is the biggest buyer of crude oil.


3. Who is the largest consumer of crude oil?

The United States is the largest consumer of crude oil with nearly 20% of global demand. In 2023, the country consumed an average of around 20.35 million barrels of petroleum per day (as per EIA). It is followed by China and India.


4. What is the difference between crude oil, petroleum, and petroleum products?

Here is the major difference:

  • Crude oil: It is a raw, unrefined oil
  • Petroleum: It refers to both crude oil and refined products
  • Petroleum products: It includes fuels like gasoline, diesel, and jet fuel


5. What are the main types of crude oil?

The three benchmarks or major crude oil types are:

  • Brent Crude
  • WTI
  • Dubai Crude


6. Where is crude oil found?

Crude oil is majorly found in underground reservoirs within the earth's crust. The main reserves are present in the Middle East (Saudi Arabia, Iraq, and UAE), Russia, the U.S., and Canada.


7. What are the main export destinations for Russian crude oil?

China, India, Turkey and some African countries are the main export destinations for Russian crude oil. 


8. What is a barrel of crude oil?

It is a standard unit of volume used in the oil and gas industry. Basically, it is used for measuring crude oil and petroleum products, and it is equivalent to approx. 159 liters or 42 U.S. gallons.


9. What is the current crude oil price?

 As of June 2025, crude oil prices range between $75–$85 for Brent and $70–$80 for WTI per barrel.


10. What is crude oil HSN code?

27090000 is the crude oil HSN code.


11. What are 4 useful materials produced from crude oil?

The four most useful materials produced from crude oil are:

  • Gasoline
  • Diesel
  • Kerosene (jet fuel)
  • Petrochemical feedstocks (like ethylene and propylene)


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