Sesame seeds, dried ginger, cashew seeds, dried and smoked catfish, fresh snails and dried, virgin fuel d6, jp54, diesel en590, liquefied petroleum gas, automotive gas oil, jet fuel a1 91/91, (russian origin) base oil sn700-800, sn100, sn65., bonny light crude (blcd).
Sugar Icumsa: 45, 150 & 600/1200; Cooking Oil: Soybeans Oil, Sunflower Oil, Soybeans Oil, Oil & Gas: Jet Fuel, Atf, Aviation Turbine Fuel; Ulsd, Ultra Low Sulfur, Diesel No 2, D2; D6 Bunker Fuel Oil; En 590 Diesel (ultra Low Sulpher Diesel); Fuel Oil; Crude Oil; Mazut; Lpg, Liquefied Petroleum Gas; Lng, Liquefied Natural Gas; Petcoke Petroleum Coke; Bitumen Or Asphalt; Naphtha, Covid: Personal Protection Equipment, Mask, Kn95 Mask, N95 Mask, Ffp2 Mask, Ffp3 Mask, Nitrile Gloves: , Cardinal 200, Ansell, Mtmt 300, Kimberly Clarks (kc500), Top Stock Glove (tsg), Etc
Wheat all grades, yellow corn for animal feed and human consumption, soybean seeds, barley, sunflower oil crude and refined, rapeseed oil crude, refined and crude degummed, soybean oil crude and refined, corn oil crude and refined, palm oil crude; refined; methyl ester; rdb / cp8 / cp10, sugar icumsa 45, brown sugar icumsa 600 1200, urea 46, diammonium phosphate (dap), muriate of potash (mop), coal any type and grades, iron ore 62%,
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A1 wood pellets, refined sunflower oil, yellow corn, used cooking oil, rapeseed oil, copper scrap (mill berry 99.98%), titanium scrap, tin ingots, zinc dross and ash, poppy seeds, chickpeas, full cream milk powder, frozen chicken, chicken feet, skimmed milk powder, nitrile gloves, gloves, corn oil, battery scrap, soybean oil, urea technical grade, fertilizers, grains, potassium chloride, sodium chloride, frozen potatoes chips, frozen beef, chicken wings, frozen pork, chemicals, scraps, food, and nuts, baby formulas, baby diapers, cooking oil, beef, soft drinks, pork intestine, chicken feet, chicken paws, zinc skimming, sea cucumber, milk powder, aptamil, wheat bran, ox gall, spited woods, ruf woods, charcoal, aluminum extrusion, white wood pellets, enpluss a1 wood pellets, refined soybean oil, crude oil
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Healthcare Products: Massage, Dental, Uv Disinfection, Ppe,Ventilators,Covid19 Related Products, Commodities: Dried Food, Ingredients, Edible Oils, Dairy Products, Chilli, Nuts, Cashew, Herbs, Dried Fruit, Dried Vegetables,dried Fish, Tea, Sugar, Palm Sugar, Cane Sugar Incumsa 45 India Sugar S30, Salt,pink Hymalayan Salt, White Rock Salt,rice,1121 Basmati Rice,golden Basmati Rice, Sella Basmati Rice,ir64 Raw Rice 5% Broken, Long Grain White Rice, Jasmine Rice, Homali Rice,sona Masoori Steam 2,maize Rice, Palm & Cooking Oil,crude Palm Oil,palm Oil Mill Effluent,palm Oil Cp10, Cp8, Cp6, Ground Nut Oil,Fish Oil, Fish Sauce,Soybean Oil, Soy Sauce, Oyster Sauce,Sunflower Oil, Pulses, Lentils,Fuel Diesel En590,10 Ppm, Jet A1,Gasoline 93,95,Aviation Kerosene,d6 Virgin Fuel, Urea 46,
Technology & Consumer Eelectronics:
Green Industrial:
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isolation gowns, coveralls, shoe cover, head cap.
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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.
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:
As a supplier or exporter, you should stay up-to-date with these factors to understand real-time crude oil price fluctuations.
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:
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:
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:
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.
Here are the key market insights that you should know to identify new potential markets and growth opportunities.
Global Market Size Data:
Source: Research and Markets
Top crude oil imports by country (2023-2024):
Source: Export Import Data
Global Average Crude Oil Prices by Benchmark:
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.
Here are the most effective methods to find and connect with crude oil buyers near me or worldwide.
1. How to find genuine crude oil buyers?
To find genuine crude oil buyers, follow these ways:
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:
5. What are the main types of crude oil?
The three benchmarks or major crude oil types are:
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:
Click here to know more crude oil related Q&A.
Crude oil prices rise as Iran-Israel tensions increase. Brent crude hits 5-month high above $76 amid growing conflict concerns. (Full story: Mint)
