CRUDE OIL

BLUEPALMGLOBAL trades in Crude oil in different grades according to your specification. The following are specific product(s) in demand. Offers are subject to availability, market condition, and prior resale. Petroleum products are traded on an FOB basis or CIF based on port of loading and destination.

If you have an interest or enquiry, please select from the appropriate area below:

Sellers – Please fill out the Checklist for Offering Crude oil Form if you wish to Make Us An Offer.

Buyers – Please complete and submit the Request for Quotation form to request products, and we will return your inquiry within 48 hours. Request Information!

TECHNICAL INFORMATION

Crude oil is a mixture of hydrocarbons that formed from plants and animals that lived millions of years ago. Crude oil is a fossil fuel, and it exists in liquid form in underground pools or reservoirs, in tiny spaces within sedimentary rocks, and near the surface in tar (or oil) sands. Petroleum products are fuels made from crude oil and other hydrocarbons contained in natural gas. Petroleum products can also be made from coal, natural gas, and biomass.

Products made from crude oil

After crude oil is removed from the ground, it is sent to a refinery where different parts of the crude oil are separated into useable petroleum products. These petroleum products include gasoline, distillates such as diesel fuel and heating oil, jet fuel, petrochemical feedstocks, waxes, lubricating oils, and asphalt.

A U.S 42-gallon barrel of crude oil yields about 45 gallons of petroleum products in U.S. refineries because of refinery processing gain. This increase in volume is similar to what happens to popcorn when it is popped.( Crude oils are named according to their contents and origins, and are classified according to their per unit weight (specific gravity). Heavier crudes yield more heat upon burning, but have lower API gravity and market price in comparison to light (or sweet) crudes.

TERMS AND CONDITION

Term: SPOT and Term​
Origin: Various Sources
Specification: On demand​
Delivery: FOB , TTO,TTT, CIF
Payment: DOCUMENTARY LETTER OF CREDIT/ BG
Inspection: Quality & Quantity by SGS/ Saybolt or Equivalent

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