Exporting, importing and trading crude oil is a specific activity that makes a difference to Lucrum.

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Lucrum handles marketing and sale services for crude oil, and is ever growing its trade volume and sphere of influence with its logistics network and operational capability. It continues to increase its effectiveness in the trade of crude oil and petroleum products with new regions in its portfolio.

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Offshore crude oil trading refers to the buying and selling of crude oil that takes place outside of a territorial water of the country, typically in international waters or in port facilities that operate in a free trade zone.

 

Crude Oil Trading Mechanisms:

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• Spot Market: Immediate buying and selling of crude oil.

• Futures Market: Contracts to buy or sell oil at a predetermined price on a specific date in the future.

• Options: Contracts giving the buyer the right, but not the obligation, to buy or sell oil at a specific price before a certain date.

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The offshore oil market is quite volatile. Crude oil prices are influenced by various factors such as global supply and demand, geopolitical tensions, production levels (OPEC+ decisions), and changes in regulations.

 

Brent Crude and West Texas Intermediate (WTI) are two major benchmarks used to price oil in global markets.

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The trading process carried outside the UAE for the oil products derived from converting crude oil in refineries, such as gasoline, kerosene, diesel, fuel oil.

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These refined products serve various purposes, such as:

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• fuel for transportation

• heating

• industrial applications

 

All our products are certified and tested as per the highest quality standards.

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Gasoline

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Gasoline, commonly known as petrol, is a transparent, petroleum-derived liquid fuel primarily used as a fuel in internal combustion engines. It is a mixture of hydrocarbons, typically obtained from crude oil refining.

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Diesel

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Diesel refers to a liquid fuel commonly used in internal combustion engines, particularly in diesel engines. It is derived from crude oil through a refining process. Diesel fuel consists of hydrocarbons and is heavier than gasoline.

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Lubricants

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They play a crucial role in various machinery and mechanical systems, ensuring smooth operation and preventing excessive heat generation. Lubricants come in different forms, including liquids, greases, and solid lubricants, and are chosen based on specific applications.

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