CRUDE
Crude oil is the world’s most actively traded physical commodity. Eighty-nine million barrels of crude oil are produced every day. The majority of crude oil is sold through long-term contracts between state oil producers and refiners. Freely-traded crude oil is estimated at around a third of the physical market.
In the crude oil market, VONOIL uses global presence, market knowledge, and top of the line logistics capabilities for a number of initiatives. These include improving the balance of supply and demand and optimizing supply chains and services for our customers around the world. As global leaders, we source from private companies, exclusive production companies, oil majors, and national governments.
We work with smaller producers that seek marketing expertise to help distribute their crude oil production globally. With our global reach, we help transport crude oil in trucks, trains, pipelines, barges, boats and tankers to refineries around the globe.