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Locating Crude Oil Manufacturers

The law of the sea.

Locating Crude Oil Manufacturers

Postby Chanler » Fri Dec 02, 2016 2:49 am

Thank for your great reply. I guess I have been using the wrong term for the kind of business I'm interested in. What I'm really interested in is connecting the buyers and sellers of Crude Oil. I intend to find buyers for the supplier and find a supplier for someone looking to buy Crude Oil and I make a commission. I have been able find list of some refineries and their contact information but the Supplier part of the equation is what I'm having problem with. Are there good books I can read? I know this is not an easy business but I plan to learn as I go along.

Thank you again for your time.

Dee

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The text above is a follow-up to ...

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I'm trying to become a Trade Agent for Crude Oil companies. How do I find list of Crude Oil manufacturers and what is the best way to approach them?

I have been at Saudi Aramco website but I could not determine who to contact on their website and not even sure if I'm supposed to go directly to Aramco if i want to become their agent.

My main problem is finding information on starting a business like this. I have been doing my research and I have not been able to come up with much information.

Thank you for your time.

Dee

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Chanler
 
Posts: 39
Joined: Sat Jan 11, 2014 7:09 pm

Locating Crude Oil Manufacturers

Postby Dri » Thu Dec 08, 2016 11:16 am

Thank for your great reply. I guess I have been using the wrong term for the kind of business I'm interested in. What I'm really interested in is connecting the buyers and sellers of Crude Oil. I intend to find buyers for the supplier and find a supplier for someone looking to buy Crude Oil and I make a commission. I have been able find list of some refineries and their contact information but the Supplier part of the equation is what I'm having problem with. Are there good books I can read? I know this is not an easy business but I plan to learn as I go along.

Thank you again for your time.

Dee

-------------------------------------------

The text above is a follow-up to ...

----------

I'm trying to become a Trade Agent for Crude Oil companies. How do I find list of Crude Oil manufacturers and what is the best way to approach them?

I have been at Saudi Aramco website but I could not determine who to contact on their website and not even sure if I'm supposed to go directly to Aramco if i want to become their agent.

My main problem is finding information on starting a business like this. I have been doing my research and I have not been able to come up with much information.

Thank you for your time.

Dee

-----
Dri
 
Posts: 45
Joined: Sat Jan 11, 2014 9:00 am

Locating Crude Oil Manufacturers

Postby Cathair » Thu Dec 08, 2016 12:19 pm

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Dear Dee-

You cannot simply say "I want to become an agent for Oil companies"-as if its a simple matter of finding suppliers and nothing more-

It takes many years of experience of independently trading as such, before you MIGHT be invited to become an agent of any company let alone one which deals crude oil-

And there is a lot to know- You need to be very proficient is all matters of crude oil if that is what you want to"specialize" in-

Without such abilities and skill-Who will consider you for such a position???

If you wanted to act as a seller and buyer of crude oil- then that has nothing to do with "being an agent"- you can do that type of activity anytime- and learn as you progress into the complex realm that is- crude oil-

You find the supplier, you get an offer , you find the end buyer and You close the deal-

That in itself is a very difficult situation- many years of research , many years of finding a supplier, many years of learning a set of legitimate well thought out trading procedures-

FTN exporting with nearly 20 years experience  cannot simply get a position as a "Crude oil agent"-In any case we would not accept a position in where we were simply paid a salary anyway-"Working as an agent acting on behalf a disclosed principal" means you follow a suppliers set of procedures-and you work for low wages- eventually working up the corporate ladder to hold a prime trading position with such a "principal"- On the other hand, as independent traders,has many issues to contend with as well- The 1000's upon thousands of offers of crude oil we've come across on the net are nonsense and mostly false- only two, over 20 years have proven to be  genuine suppliers- Likewise with end buyers.

And we are experts in the realm of International trade-

There is no stead fast way to advise you on your question other than to say -"it takes times, skill and abilities " to find such a position or to source real supply-

All those LOI/BCL/NCND type of procedures you see on the net are nonsense-most of all  sellers on the net who are offering crude oil are doing so falsely- If that's the type of trader you want to become- then you are wasting your time  trading on such ambiguous platforms-

Aramco Contract as plied By OPEC members cannot be effectively traded upon by private traders- these are Primary contract application- the trader or "intermediary" can only deal in a secondary market application- that is - where you source goods from a supplier who are not tied to OPEC procedures- Thus around 35/40 OPEC members exist(Countries)- and around an equal amount of crude oil dealers are non OPEC members-(countries)-

Hence before you can even start- you must spend many months finding out who are the right suppliers to approach, and do so after you know exactly what you are doing-  

I hope the above insight is of help-

Kind Regards

Davide A.G Papa

www.ftnexporting.com  
Cathair
 
Posts: 50
Joined: Fri Jan 10, 2014 2:49 pm

Locating Crude Oil Manufacturers

Postby Roldan » Fri Dec 09, 2016 2:16 am

Dear Dee-

My advice still stands- you are defined as a "intermediary " your position is that of BUYER /Seller- You obtain supply first at all times  then offer the goods as seller(NOT SUPPLIER)- you ability to SOURCE is your Skill-You ability to close as per safe international procedures is another Skill-

You get the funds from the end buyer to buy from your supplier- the difference in buy /sell price is your commission.

Again so much has to be learnt- very little about oil , but so much in regards to procedures and intermediary must ply-

Read many of my past answers especially for wines- some have detail matters of procedures- regardless if its wine,oil or cement , the same basic application is in play- International trade procedures is what you need to apply- and keep away from LOI/BCL/POP/NCND type of deals , you'll never see a cent of commission and you will never close a deal using such edicts-

You must learn about  UCP600, and Incoterms 2000,- As for Oil , start researching and reading sites such as Mediterranean Platts, Argus Platts, Nymex, Oilgram platts, Sibneft, PDVSA and the likes- study such material- do research and learn ICC procedures of trade as it applies to the intermediary seller/buyer.FTN exporting second publication "The world is yours" is due in a few months , keep and eye out on our website-

Kind Regards

Davide papa

www.ftnexporting.com
Roldan
 
Posts: 44
Joined: Sat Mar 01, 2014 5:40 pm


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