Crude oil is a big business. The reason why I say it is a big business is because it involves millions of dollars. There are up to 2 ways to sell your crude oil. They are as follows:
1. Refinery operators: refinery managers are the end users of crude oil. Crude oil is always in demand by refinery owners. Demand is high when the price of crude oil goes up. Almost all countries have refineries. Your crude oil will be easy to sell if it is light crude oil. It is because light crude oil is easy to refine than other types of crude oil. Most refinery operators know that light crude oil is very easy to refine as a result of its low sulphur content, thus saving time, cost and resources.
Once you find a crude oil refinery company, the next thing you should is to send a request to them. You should send an official request that you have crude oil to sell indicating the quantity. Also remember to attach proof of product (POP) to make it genuine. You should be very open while you are doing this. Countries where it will be easy to find buyers for your crude oil are USA mainly in California, India, Canada,China, Hong Kong, Alberta, Japan and generally Europe as a continental. You can easily find buyers of crude oil in these countries because crude oil is in high demand there. The higher cars a country has, the higher crude oil demand that country is likely to source for. The types of crude oil that sell very well are West Texas Intermediate, Basra and bonny light crude oil (BLCO) etc.
2. The second way to sell your crude oil is through crude oil intermediary brokers, agents and exchange services. If you are not ready for the hassle of hopping from place to place searching for buyers of crude oil, then you should use an agent company to do it for you. You will relax in the comfort of your office while an agent runs about searching aggressively for buyers of crude oil in place. If this turns out to be the case, then your crude oil will be sold in a short space of time. One of the leading agents that source for buyers of crude oil is Modo Oil Agency. Sometimes Modo Oil Agency has crude oil buyers in place to deliver to any intended seller.
Modo Oil Agency is a company working in the energy sector which can link you up to legitimate crude oil sellers in Nigeria and beyond which have oil available for sell. Check it out at Modo Oil Agency
(780, ‘HC plastic mesh News I Market Summary Crude oil futures prices closed yesterday out of lengths lead offer mixed Asian ethylene and petrochemical manufacturers Guapai Jia stable spot market prices continue to fall slightly Second fundamental analysis 1 By Goldman Sachs last Friday has been charged leading to reduced market risk appetite coupled with a stronger dollar the New York Mercantile Exchange NYMEX crude oil futures prices Monday April 19 down appeared for the third consecutive day down Shows NYMEX oil prices fell to an intraday 50 day moving average 80 78 U S dollars barrel below NYMEX5 month crude oil futures fell 1 79 U S dollars down 2 15 to 81 45 U S dollars barrel for the March 26 agreement to its lowest close in recent months Today intraday trading range between 80 53 83 U S dollars barrel NYMEX crude oil futures last three trading days 5 1 decline in total for 3 to 5 February the third consecutive day since the largest decrease then decrease to 7 52 2 Monday ethylene mixed in Asia CFR Northeast Asia the price to close at 1249 25 1251 25 USD tonne prices were slightly lower than the previous day 5 dollars ton CFR Southeast Asia the price closed at 1199 1201 25 dollars ton than the previous day prices rise 35 U S dollars ton Northeast Asian market mainly affected by many sets about to restart naphtha cracker fell slightly affected Among them the Japanese Asahi Kasei 39 s 470 000 tons plant plans to resume on April 20 China 10 million tons of domestic Zhenhai Refining amp Chemical aspects of plant scheduled to resume Tuesday Japan 39 s 527 000 tons device Tosoh plans to resume April 18 Buyer 39 s market mentality so slightly tired purchase intention is more light 3 Petrochemical manufacturers the Daqing Petrochemical Jilin Petrochemical Yangzi Petrochemical Guangzhou Petrochemical Maoming Petrochemical Qilu Petrochemical etc to maintain the same ex factory price the mainstream ex factory price in 11300 11400 yuan ton 4 2009 China Oil Chemical industry Industry experienced a year full of variables withstand Financial Crisis and the steady rise into the channel Industry experts said the Chinese market the worst is over the petrochemical industry in 2010 will be the recovery of the revitalization the transition from weak to strong year in 2012 is expected to return to pre crisis levels 5 In recent days the property market regulation frequent heavy blows and aimed against the speculative buyers Following the purchase of two suites down payment ratio to 50 the State Council issued a circular high housing prices the price rose too fast supply areas commercial banks according to risk status suspended the third set and over to buy houses loans on more than 1 year can not provide proof of local taxes or social insurance contributions that non local residents to purchase housing loans suspended And the Ministry of Finance State Administration of Taxation to speed up research to guide them in proper housing development of consumer and personal property adjusted income tax policy 6 China and the Middle East petrochemical production capacity and the expected substantial growth in the Middle East producers of the highly competitive Asian market are contributing to profound changes in the Asian petrochemical industry Asian Petrochemical is undergoing rapid and fundamental change China is Asia 39 s largest petrochemical producer Middle Eastern based low cost natural gas production capacity with Economy Growth in demand for basic chemicals in China has great potential India KG D6 gas field discovery will enable the region for the production of naphtha and petrochemical naphtha exports increased space Asia 39 s ethylene production capacity is increasing rapidly The end of 2009 Asia ethylene capacity of about 43 8 million tons year to the end of 2015 production capacity will also increase the 16 000 000 tons year Second half of 2009 alone the region increased 410 tons year of ethylene capacity cost the world 39 s Energy Asia 39 s ethylene capacity in 2010 will increase by 5 4 million tons year From 2009 to 2015 at the end of new ethylene capacity of about 50 occurred in the second half of 2009 and 2010 and mainly in China and India New capacity in 2010 2015 China will account for 54 China 39 s current ethylene production capacity to 25 million tons year gap behind the United States ranking second in the world and the gap with the United States is rapidly narrowing The end of 2009 China 39 s ethylene production capacity of 13900000 tons year by 2015 will increase by 8 7 million tons year of which 42 of new capacity will be commissioned in the next two years By 2015 China 39 s ethylene production capacity will exceed Japan Korea and Taiwan combined ‘)
GNLDs LDC™ stars in penguin cleanup operation! www.BrewerNutrition.com http In July 2000, an iron-ore carrier, the Treasure, sank outside Table Bay, Cape Town, South Africa sank off the coast of South Africa and leaked thousands of litres of crude oil into the sea. Approximately 25000 African penguins were affected and faced certain death. Huge undertaking The cleanup operation was the largest wildlife rescue operation in history at the time. A huge contingent of international volunteers from as far as the USA, Canada, the United Kingdom and Australia assisted in the cleanup effort, and the feeling was definitely that this is an international crisis which affects the entire world. GNLDs LDC was the only detergent product that could successfully remove the thick crude oil from the tens of thousands of affected penguins from Dassen and Robben Islands. Why LDC? LDC Light Duty Concentrate is a low-dose, low-burden, pH-neutral household detergent which is particularly effective in dispersing fats and oils. LDC did not yield harsh or negative side effects on the already distraught animals. Saving lives The birds were first sprayed with a light mixture of vegetable oil and ethanol alcohol to loosen the crude oil before being thoroughly washed at least seven or eight times in buckets of LDC and warm water. After repeated washings with LDC, the penguins were rinsed thoroughly until their feathers regained their natural waterproofing, allowing the birds to be released back into the …
Classic Handbags Vienna-based Petroleum Exporting Countries (OPEC) Secretariat released the latest monthly oil 12 report predicts world oil demand in 2011 will reach 8695 million barrels per day. This figure increased more than forecast last month, 31 million barrels.
According to OPEC’s latest monthly report, this year’s world oil demand will increase over 132 million barrels a day last year, reaching 8578 million barrels per day, or up to 1.56%. This also means that world oil demand in 2011 than this year added 117 million barrels a day.
UGG Boots In addition, OPEC estimated the world crude oil market in 2011 the demand for OPEC crude oil also increased, reaching 2919 million barrels a day last month to increase the degree report estimates 38 million barrels.
OPEC report pointed out that this year, to promote the growth of world demand for crude oil are mainly newly industrialized countries, and the traditional areas of oil consumption is very limited demand growth, demand growth in OECD countries in which only 22 million barrels a day, or 0.48 %. Demand in Western Europe and even down 1.44% to 1431 million barrels per day, 21 million barrels less than last year.
Wholesale shoes Report that in 2011 oil demand in OECD countries will continue to grow slightly, but rose only 0.32%. The demand for crude oil in Western Europe will decline again this year, compared with 0.39%. In addition, China’s oil demand this year will be less than 5.14%.
The report predicts that by 2011 the world economy will continue to recover, but the process remains slow. To this end, the report lowered the world’s major economies are the growth areas are expected, including: economic growth in the OECD from 2.4% down to 2.0%; the U.S. economy from 2.7% down to 2.4%; euro-zone economy is down from 1.4% 1.1%; China’s economic growth from 9.5% down to 8.6%.
OPEC is also expected in 2011, average economic growth rate of the world’s 3.6%, but not before the expected 4.1%.
Alberta Oilsands Enough to Move Oil Prices? Part 1 of 3
Article by Barry Econ
This articles will look at the potential impact Alberta oilsands production could have on the world oil market, how the OPEC cartel may respond to this supply, and how America may benefit. The primary market used for examples is the relationship between the United States, Alberta, and OPEC. Crude oil is the only resource under consideration within this article despite other resources available within the oilsands resource.
Analysing the potential impact the Alberta’s oilsands reserves could have on the world oil market requires one to clarify what volumes regarding available reserves and output will be used in discussion. Determining the size or clarifying which data sets are used is largely dependant on a variety of variables and measures a particular firm or institution incorporates. According to The Alberta Energy and Utilities Board (EUB), current oilsands reserves are estimated to contain approximately 174 billion barrels oil (as of 2003). 174 billion barrels of available reserves producible at current technology. Many advocates of the oilsands production and expansion, that is producers and Alberta politicians alike, are eager to divulge a resource value closer to 315 billion barrels. This ultimate recoverable volume is attractive to proponents of oilsands production because of its size. The ultimate recoverable estimate is greater than the current conventional proved oil reserve estimate for Saudi Arabia, OPEC’s biggest member and producer. However, using the ultimate resource figure when describing the current potential for Alberta oilsands output is presumptuous. The value cannot be supported with current technology and thus should not be considered when determining the size of the resource. The more accurate estimate suggests Alberta holds the world’s second largest reserve of oil deposits at 174 billion barrels. Although the ultimate potential of the oilsands is comforting to Albertans, due to their dependency on the energy sector, the value of current recoverable reserves is nonetheless staggering when compared to the remaining conventional reserves within Alberta and abroad as well.
This is the primary reason why the oilsands have generated significant interest, the volume of reserves will meet Alberta’s appetite for oil revenues and America’s appetite for oil consumption for years to come. Thus the question is: are the reserves large enough to meet and impact the world oil market prices and can this supply reduce America’s need for Middle East oil? Without a doubt the oilsands deposits are large enough to support an increase in production and consequently an increase in exports to the world market (the closest market being America). Will producers be able increase oilsands extraction technology to make it less costly to lift and more efficient, thus increasing output? One would assume they can, the energy industry increases their own longevity by repeatedly devising new and efficient techniques and protocols. Although this theory sounds simple, it is missing an integral component that can ultimately dictate whether oilsands production will hit boom or bust, and that is the dependence on world market price. The likes of Shell, Suncor, Nexen, to name a few, are continually expanding their operations to accommodate the growing world demand, and to exploit the resource, however, these firms will only expand if it remains profitable for them. Oilsands production is very capital intensive and requires ideal market conditions to render them appealing to investors. Regardless of world supply depletions, increases in world demand, or size of Alberta’s reserves, market price is what will plot the future of oilsands development and production. Thus the only item holding the emergence of oilsands ‘dominance’ on the world market is the level of output and dependence on market price. What do we experience today? (2006) Record crude oil prices with no indications they will relent. Supply is tight and OPEC is happy with this state. If Alberta and oilsands are to have any substantial impact on the world stage they must increase technology (reducing costs) and production (increasing volume).
Three essential items are required for successful integration of oilsands products into the world market. Firstly, oilsands producers need to increase production technology to reduce lifting costs. Attributed to costs is the ability for producers to locate dedicated and cost efficient transportation methods to place their product on the world market. The second item will hinge upon the world price of oil. Currently the oilsands developers are price takers. It is imperative that a costly venture such as oilsands production continue to exploit a high world oil market price to justify their production and expansion. Current market conditions, the high market price for crude, make for an ideal setting for expansion and development. Expanding technology will reduce costs of production thereby shielding producers from lower market prices and increasing their overall productivity. A strong and predictable price will provide the foundation for continual expansion of oilsands production, and thus building Alberta’s position in the world market. The last item depends on both technology and price-that is the quantity of output. Currently, Alberta produces approximately 352 million barrels of crude oil a year from the bitumen reserves. The current production volume is not enough to have even a minimal impact on OPEC’s world market share. If the entire volume from 2003 output was exported to the United States market, this would account for less than 30 days worth of their yearly imports. Although this may be a large quantity, the potential is greater still.
This article is continued in Part 2 which is now available.
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