• Crude Oil – Russia Export Blend Crude Oil (REBCO) Gost 51 858-2002 & Gost 9965-7

REBCO: Russian Export Blend Crude Oil (REBCO), also known as Urals oil, is a medium gravity sour crude. It is a mix of heavy oil from the Urals and the Volga region with light oil of Western Siberia.

REBCO futures are traded at the NYMEX under ticker symbol R2. Contract size is 1,000 barrels with a contract price quoted in US Dollars and Cents per barrel. Delivery dates take place every month of the year. Russia is the world’s second largest producer of crude oil and also one of the world’s top oil exporters.

REBCO accounts for exports of approximately 4 million barrels per day into the Atlantic Basin or to other nearby refining markets. There are two main qualities of export oil in Russia: Urals Blend and Siberian Light. Siberian Light, produced in Siberia, has a lower sulphur content and lower viscosity than Urals Blend – a mixture of crude oils consisting of Siberian Light with high sulphur oils produced in Russia’s European regions.

  • Crude Oil – Nigerian – Bonny Light Crude Oil (BLCO)

Bonny Light oil is a high grade of Nigerian crude oil with high API gravity (low specific gravity), produced in the Niger Delta basin and named after the prolific region around the city of Bonny. The very low sulfur content of Bonny Light crude makes it a highly desired grade for its low corrosiveness to refinery infrastructure and the lower environmental impact of its byproducts in refinery effluent.

Bonny Light crude oil is considered to be of the best crude oil in the world because it is easy to refine as a result of the low sulfur content. Due to this factor, BLCO is highly sought after. The Bonny Light is in high demand specifically by American and European refineries. It is therefore a major source of income generation from the oil rich nation.

Bonny Light crude oil is produced in Nigeria from Chevron and Shell concessions. Chevron’s exports are throughput and loaded from the Shell-operated Bonny Terminal, which can accommodate Very Large Crude Carrier (VLCC) loading. The typical cargo size is 950 thousand barrels; however, alternate cargo sizes can be arranged with advance planning. Typically, cargoes are sold with pricing based off Dated Brent quotes. Chevron-operated fields are contributing production of approximately 40 thousand barrels per day. Chevron has a 40% interest in the concession that produces crude oils that are routed to and commingled with Bonny Light crude oil.

  • Crude Oil – Saudi Light Crude Oil (SLCO)

Saudi Arabia has been described as the world “mother lode” of oil and gas reserves. Estimates for 1990 placed total oil reserves of the kingdom at 261 billion barrels. Around two-thirds of Saudi reserves are considered “light” or “extra light” grades of oil, with the rest either “medium” or “heavy.”

Although Saudi Arabia has around 80 oil and gas fields (and over 1,000 wells), more than half of its oil reserves are contained in only eight fields,

That includes Ghawar (the world’s largest oil field, with estimated remaining reserves of 70 billion barrels) and Safaniya (the world’s largest offshore oilfield, with estimated reserves of 35 billion barrels).

Ghawar’s main producing structures are, from north to south: Ain Dar, Shedgum, Uthmaniyah, Hawiyah, and Haradh. Ghawar alone accounts for about half of Saudi Arabia’s total oil production capacity.

Reliable Crude Oil Suppliers – Your Trusted Source for Crude Oil

With years of experience, IDSM Group understands the importance of partnering with reliable crude oil suppliers. We provide customized solutions to meet all your crude oil needs, whether you require crude for refining, trading, or export. Read on to learn why we are the preferred crude oil supplier for top energy companies across the globe.

Why Choose a Reputable Crude Oil Supplier?

The crude oil market is complex, with prices and supply subject to global events. That’s why partnering with an established crude oil supplier like IDSM Group provides key advantages:

Quality Assurance

We have long-standing relationships with major oil producers in OPEC nations like Saudi Arabia, as well as non-OPEC countries. Our team oversees every step of the crude oil supply chain, from production to transportation, ensuring the quality and purity of each barrel.

Consistent Delivery

Whether your order is 50,000 or 500,000 barrels, you can trust us to deliver your crude oil on time, every time. We understand the financial implications of supply disruptions.

Market Expertise

With our extensive network and real-time market intelligence, we provide guidance on optimizing your crude oil procurement strategy. We can alert you to geopolitical events or other factors that may impact pricing or availability.

Custom Solutions

We offer crude blends tailored to your refinery configuration. Our flexibility and responsiveness to customers’ needs set us apart. Tell us your specifications, and we will source the right crude oil supply.

The Global Crude Oil Landscape

The world relies on petroleum, with global crude oil demand projected to rise to over 100 million barrels per day Appox. As an established crude oil supplier, we stay on top of key trends shaping the industry:

  • OPEC nations like Saudi Arabia remain leading crude oil producers, providing over 30% of global supply. Non-OPEC countries are also major contributors, with the U.S., Russia, and Canada among the top oil producers.
  • Regional events can heavily impact supply and prices. For instance, sanctions on Russia significantly reduced global exports of crude oil in 2022.
  • Demand fluctuates with economic factors. The COVID-19 pandemic caused a dramatic drop in crude oil demand, resulting in a supply glut.
  • OPEC+ production cuts have been a strategy to stabilize prices as demand recovers post-pandemic. Cuts may be eased to control rising oil prices.
  • Factors like refining capacity, inventory levels, and geopolitics all influence crude oil pricing. Market volatility is common.

Why IDSM Group is Your Preferred Crude Oil Supplier

With decades of experience and established relationships with national oil companies and traders worldwide, IDSM Group has the expertise and connections to deliver a reliable supply of quality crude oil to meet your needs.

Total Account Management

From initial consultation to delivery and payment, your dedicated account representative will oversee the entire process, providing supply chain transparency and responding promptly to any customer inquiries.

Real-Time Market Insights

Our team closely monitors factors that may impact crude oil pricing or availability. We provide regular market updates to help customers make strategic procurement decisions.

Quality Assurance

We diligently vet and audit our supply sources, validating production and transportation processes. We only work with producers who meet our stringent quality standards.

Flexible Logistics Solutions

Whether your facility requires crude oil via pipeline, rail, ship, or truck, we optimize delivery logistics to provide a seamless supply chain. Multimodal transport options ensure continuity of supply.

Let IDSM Group become your trusted crude oil supplier. Contact us today to learn more about our capabilities and why top companies rely on us for all their crude oil needs.

Frequently Asked Questions

How can I request a crude oil quote?

Contact our team with details on your required crude oil volumes, delivery schedule, and specifications. We will provide a customized quote for your procurement needs.

How do suppliers ensure crude oil quality?

Reputable suppliers like IDSM Group carefully vet and audit producers to validate production processes. We oversee transportation to avoid contamination. Certificates of quality are provided.

What are typical crude oil delivery lead times?

Lead time varies based on transportation method and distance. Pipeline delivery may take 2-4 weeks, while seaborne cargo can take ASAP door-to-door. Expedited options are available.

Can suppliers provide crude oil for international markets?

Yes, established crude oil suppliers have worldwide networks and logistics capabilities to deliver crude oil globally. We meet the needs of customers across continents.


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