Oil and gas trade is the buying and selling of crude oil, natural gas, petroleum products, oil and gas machinery and oil and gas equipment as well as oil and gas services. Oil and gas are natural nonrenewable resources which makes them to deplete with time. Oil and gas trade can be carried out with the help of an oil and gas marketplace (oil and gas trade) using oil and gas marketing strategies.
Crude oil is a type of fossil fuel and so it is a source of energy. In order to trade oil and gas, it is important to be abreast of the risks and benefits involved. Oil and gas trading requires more than just having capital to start oil and gas business. It requires proper understanding of how the oil and gas market works. Oil and gas business is capital intensive and very competitive. Before venturing into oil and gas trade it is advisable to be familiar with fundamental policies and regulations in the oil and gas industry. Sound knowledge of the oil and gas sector is a prerequisite for existing or prospective oil and gas investors. The oil and gas trade can be segmented into oil and gas products trade (crude oil trade or petroleum trade, crude oil products trade or petroleum products trade), oil and gas machinery trade(crude oil machinery trade and natural gas machinery trade) and oil and gas equipment trade (crude oil equipment trade and natural gas equipment trade). Apart from these oil and gas trade, there are people who are specialized in rendering one or more services in the oil and gas services like oil and gas research, oil and gas consultancy services, oil and gas marketing services (oil and gas advertising, oil and gas public relation, oil and gas sales promotion and oil and gas personal selling), oil and gas logistics, oil and gas financing, oil and gas insurance, etc. These oil and gas services are provided for oil and gas service seekers. The services in the petroleum industry facilitate the oil and gas trade by ensuring that the oil and gas offers or oil and gas deals are made available to those who need them.
Oil and gas marketing can be defined as oil and gas (oil and gas products, oil and gas machinery, oil and gas equipment and oil and gas services) at the right place, at the right time and at the right price, at the right oil and gas marketplace and the right oil and gas channel of distribution. Oil and gas availability differs from country to country as well as in quantities and qualities but not all countries are endowed with oil and gas hence countries that have oil and gas are known to sell and use it locally or export oil and gas (oil and gas export by oil and gas exporters) while those that do not have it import oil and gas (oil and gas import by oil and gas importers). Oil and gas export includes crude oil export by crude oil exporters (petroleum export by petroleum exporters), crude oil products export by crude oil products exporters (petroleum products export by petroleum products exporters), crude oil machinery export by crude oil machinery exporters (petroleum machinery export by petroleum machinery exporters), crude oil equipment export by crude oil equipment exporters (petroleum equipment export by petroleum equipment exporters). On the other hand, oil and gas import includes crude oil import by crude oil importers (petroleum import by petroleum importers), crude oil products import by crude oil products importers (petroleum products import by petroleum products importers), crude oil machinery import by crude oil machinery importers (petroleum machinery import by petroleum machinery importers), crude oil equipment import by crude oil equipment importers (petroleum equipment import by petroleum equipment importers). Although countries endowed with oil and gas are without doubt are known to derive all or most of their revenues from oil and gas however we recommend that such countries should think beyond oil and gas. That is oil and gas dependent countries or oil and gas dependent economies for revenue should diversify to other sectors because of the fluctuation in oil and gas prices. Although the rise in oil and gas prices will be favourable at some point but in later times the fall in oil and gas prices will be unfavourable to such countries. Apart from the fluctuation in the prices of oil and gas , it is also pertinent to note that the world is now exploring alternative sources of energy that are cheaper and more environmentally friendly (e.g green energy) and renewable(e.g solar, hydroelectric, biomass, geothermal, wind). These alternative sources of energy and renewable energy can pose a threat to crude oil and natural gas dependent countries for revenue. Besides, oil and gas sellers (oil and gas products exporters, oil and gas machinery manufacturers and exporters and oil and gas equipment manufacturers and exporters) may be faced with losses while oil and gas buyers gain or switch entirely to other cheaper and environmentally friendly sources of energy.
There are two types of oil and gas trade. The types of oil and gas trade are includes the following as highlighted below.
Local oil and gas trade is a type of local trade in the oil and gas industry which takes place within a country. The sellers of crude oil or crude oil sellers(sellers of petroleum or petroleum sellers) sell crude oil (sell petroleum) to buyers of crude oil( or crude oil buyers or buyers of petroleum), sellers of crude oil products or crude oil products sellers (sellers of petroleum products or petroleum products sellers) sell crude oil products (sell petroleum products) to buyers of crude oil products(buyers of petroleum products or petroleum products buyers), sellers of crude oil machinery or crude oil machinery sellers (sellers of petroleum machinery or petroleum machinery sellers) sell crude oil machinery (sell petroleum machinery) to buyers of crude oil machinery(buyers of petroleum machinery or petroleum machinery buyers) and sellers of crude oil equipment or crude oil equipment sellers (sellers of petroleum equipment or petroleum equipment sellers) sell crude oil equipment (sell petroleum equipment) to buyers of crude oil equipment(buyers of petroleum equipment or petroleum equipment buyers). Since it is a local oil and gas trade, this implies oil and gas services are local oil and gas services like finding or listing local oil and gas trade leads in local newspapers, local oil and gas classifieds and local oil and gas business directory. Besides this local oil and gas offers, there can also be finding or hiring of local oil and gas sales representatives. Local oil and gas sales reps or oil and gas sales agents can help sell or find buyers for oil and gas offers of the oil and gas companies they represent.
International oil and gas trade is a type of oil and gas trade that is carried out in more than one country that is why it is not a local or national oil and gas trade. It is an oil and gas export-import trade facilitated with the help of an international oil and gas marketplace like international oil and classifieds, international oil and gas b2b marketplace or international oil and gas business directory.
The exporters of crude oil or crude oil exporters(exporters of petroleum or petroleum exporters) export crude oil (export petroleum) to importers of crude oil(crude oil importers or importers of petroleum), exporters of crude oil products or crude oil products exporters (exporters of petroleum products or petroleum products exporters) export crude oil products (export petroleum products) to importers of crude oil products(importers of petroleum products or petroleum products importers), exporters of crude oil machinery or crude oil machinery exporters (exporters of petroleum machinery or petroleum machinery exporters) export crude oil machinery (export petroleum machinery) to importers of crude oil machinery(importers of petroleum machinery or petroleum machinery importers) and exporters of crude oil equipment or crude oil equipment exporters (exporters of petroleum equipment or petroleum equipment exporters) export crude oil equipment (export petroleum equipment) to importers of crude oil equipment(importers of petroleum equipment or petroleum equipment importers). Being an international oil and gas trade the oil and gas services here includes finding or listing international oil and gas trade leads as well as finding and hiring international sales representatives in whatever country you want to do business other than your our country. These international oil and gas sales reps or oil and gas sales agents thus help represent the interest of international oil and gas businesses by selling or finding international oil and gas offers. Oil and Gas Trade also involves the use of oil and gas services like oil and gas brokers that do oil and gas brokerage business by providing oil and gas brokerage services. Besides, other oil and gas services that are instrumental for oil and gas trade are oil and gas financing, oil and gas insurance, oil and gas logistics, etc.
Oil and gas trade is not only a source of revenue but also a source of direct or indirect jobs. The marketing of oil and gas products, machinery, equipment and service requires sound marketing know-how in order to close oil and gas deals be it online, offline, locally or internationally. The selling of oil and gas or buying of oil and gas as well as the exporting of oil and gas and importing of oil and gas are made possible by various factors which includes knowing when, where and how to sell or buy oil and gas offers at reasonable prices following convenient, risk-free and reliable means of transaction.
Our flexible pricing plans at classify24 enable us to connect oil and gas traders for oil and gas trade. We do this through our oil and gas marketplace and oil and gas business directory. More so, we facilitate oil and gas trade by acting as oil and gas marketers, oil and gas sales representatives, oil and gas sales agents and oil and gas trade brokers through our local and international networks.
Here at Classify24, we are equally open for and offer partnership opportunities in selected industries one of which is oil and gas with reputable, verifiable and reliable businesses and government/government agencies who will want us to work with them directly.