Origins and Production: Crude oil is extracted from underground reservoirs, with major producers including Saudi Arabia, Russia, the United States, and Iran. The production process involves drilling, extraction, and refining.
Processing: After extraction, crude oil is transported to refineries where it is processed into various products, including gasoline, diesel, and jet fuel. Refining involves distillation, cracking, and blending.
Pricing: Crude oil prices are influenced by factors such as global demand, geopolitical events, and production levels. Prices are often quoted on commodity exchanges like NYMEX and ICE.
Freight and Logistics: Crude oil is typically transported in bulk tankers or pipelines. Proper storage and handling are essential to prevent spills and ensure safety.
Global Markets: The global crude oil market is dynamic, with significant trade flows between producing and consuming countries. Key importers include China, the United States, and the European Union.
FADAS-AFRIC LTD is committed to providing our partners with the knowledge and support they need to navigate the complexities of international trade. Our comprehensive approach ensures that our clients receive high-quality products, competitive pricing, and efficient logistics management, enabling them to succeed in the global marketplace.
