Petrol and Diesel Trading
Petrol and diesel trading involve the buying and selling of these two major petroleum products in the global market. The market dynamics are influenced by various factors, including geopolitical events, supply and demand fluctuations, economic indicators, and regulatory changes.
Overview: Petrol (gasoline) and diesel are essential fuels powering vehicles and industries worldwide. Trading in these commodities is a complex process, with participants ranging from oil producers and refineries to traders, distributors, and end consumers.
Trading Process
Petrol and diesel trading involves a multifaceted process that begins with the extraction of crude oil by oil companies. Following extraction, crude oil undergoes refining in specialized facilities, where it is processed into refined products, including petrol and diesel
- Exploration and Production
- Refining
- Distribution
- Commodity Exchanges
- Hedging
- Booking and Documentation
- Cargo Packaging and Labeling
- Customs Clearance
- Transport to Port
- Port Operations
- Vessel Departure
- Voyage
- Customs Clearance at Destination
- Inland Transportation
- Delivery to Consignee