Buy and Sell Crude Oil - Most Profitable Way to Do It By Osite Modozie

Buy and Sell Crude Oil - Most Profitable Way to Do It By Osite Modozie

There is a profitable way to buy and sell petroleum. There are four major things you will need in order to succeed from this business. They are namely:

1. Funds: you will need funds to buy petroleum. You will need a minimum of $100,000,000 US. The amount of money can get you up to 2 million barrels of petroleum. You will also need about 5 to 10 million USD for expenses.
2. Petroleum seller: you will need a crude oil seller or supplier where you can purchase the petroleum from. This one is not a major problem as long as you have the funds.
3. Tanker: you will need a tank where you will be able to store the crude oil. If you want to build a petroleum storage tank, then you may as well rent one. This one is going to be costly, so it is better for you to build your own tank and save cost.
4. Petroleum buyer: this one is also not a major problem. The reason is because they are many buyers of crude oil aggressively searching for available crude oil to buy mainly in USA and Europe. As long as cars and factories are concerned, crude oil will always be in high demand.

The idea to make lots of money from buying and selling crude oil is to buy crude when it is very cheap and sell it when it is expensive. That is you will buy it when the price is low and sell it when the price is high. You will need to buy a piece of land and build the crude oil storage tank that can be able to store as much crude oil as you want. The crude oil storage tank could be an underground tank or surface tank.

Once you have finished building a storage tank, the next step is to buy petroleum. If you have funds at hand building storage tanks that can store up to 2 million barrels of petroleum or as much as you want will not take more than 2 months. The next step is to find petroleum available for sale. This will be an easy process if you know where to look. You can start to source for crude oil available for purchase at oil producing countries. You will be able to buy them through this means for cheap rather than when you do so through resellers.

There are two ways to get petroleum from Nigeria. One is through getting oil allocation from NNPC. NNPC fully means Nigeria National Petroleum Corporation. It is a government agency responsible for selling and buying of crude oil. You will need:
1. Proof of up to $100,000,000
2. Performance bond of up to $1,000,000
3. You will be required to own a local oil refinery, international refinery and a major oil trader.

If you are not ready for these conditions, then you can buy from persons who have already gotten oil allocation. People who have got oil allocation from NNPC must always end up selling the petroleum they have purchased. You can buy from this set of people. Example of this type of oil trader to buy your crude oil from is Yamal Gas Progress etc.

Once you have found a seller, the next step is to negotiate and close a deal. There are four ways used for selling petroleum. They are namely FOB, TTT, TTO, and CIF. CIF means cost, insurance and freight. It is a method of selling petroleum where the seller does everything from loading and sending the crude oil to the place the buyer wants. This kind of method is usually hard to fit and most sellers do not like dealing this way. FOB fully means freight on board.

The most widely method used method for selling oil is TTO and TTT. TTO simply means tanker take over. In this method, the buyer takes over the vessel to his destination, offloads the crude oil and brings it back.

TTT simply means tanker to tanker. It requires the buyer to come with a tank while the oil is transshipped and everything is settled.

Payment for the product is usually through swift or wire transfer. This can either be done through bank to bank by means of MT799. Irrevocable of letter of credit may also be used for payment etc.

Once you have bought the product, transfer the crude to your storage tank and relax. Continue to monitor the price of oil to see when it will increase. Conflicts between Iran and USA, and USA and Iran, and the one between South Korea and North Korea, and North Korea and the rest of other countries can cause the price of petroleum to increase. Conflicts in Niger Delta of Nigeria and Middle East as a whole can also cause the price of crude to skyrocket. Disasters like Hurricane in the Gulf of Mexico and surrounding cities in USA along the gulf may also increase the price of oil.

Once the price of crude increases, it is time to sell it off. If the price of a barrel of crude was at $78 and it increased to $100 or more, I believe you know how much you would have gained. Let say all the expenses you made and the price of a barrel of petroleum stands at $70 per barrel, then crude oil increases to $100 and you sell it off. The amount you will gain becomes $30 times 2,000,000 which will give you $60,000,000. This is cool bucks to make in a day. The way to find buyers for your petroleum is to write a letter with your company letterhead and POP (proof of product) to oil refineries. State the price you want to sell per barrel and anything to convince the oil refineries to buy your petroleum. This is tested and proven to deliver profitable type of oil trading.

Modo Oil Agency is a crude oil company which offers facilitation service to both sellers and buyers of crude oil. We make the selling and buying of crude oil an easy process for sellers and buyers of crude oil. Check it out at http://www.crude-oil-sellers.com/

Article Source: http://EzineArticles.com/?expert=Osite_Modozie

Buy Crude Oil - Ideas to Find a Genuine Seller By Osite Modozie

Buy Crude Oil - Ideas to Find a Genuine Seller By Osite Modozie

People that sell light crude oil are persons who have been given oil allocation by NNPC. NNPC simply means Nigeria National Petroleum Corporation. It is a company owned by the federal government of Nigeria which administers the buying and selling of petroleum. We have a lot of crude oil sellers in Nigeria, but the challenge there is the ability to find genuine and verifiable sellers.

The business of dealing in crude oil is a prosperous and flourishing one as long as cars and industries are concerned. People who purchase crude oil from various countries would want to reach sellers in Nigeria to enable them to buy bonny light crude oil (BLCO). It is an accepted ideology that when there is a huge success regarding a type of business, there is likely to be fraudsters on the run. They will claim they want to help the buyer and end up duping them. It is a known fact that some of the available buyers have been duped by these unscrupulous scammers. It requires extreme caution and thrifty meandering to enable a buyer transact with a real seller without getting duped.

Below are cool ideas you need to follow in order to successfully buy crude oil from Nigeria without getting duped.

1. It is NNPC that gives oil allocation to firms and there exist a way which you can use to verify the status of any allocation by using NNPC offices in Bonny, Lagos, Abuja or London. The first step you should take is to demand the seller's allocation info in order to verify it. If the seller is not able to deliver this, then there is a chance that the seller may be a bogus one. Nevertheless, it is not every seller that is not able to provide their allocation details will be regarded as a fake one. The reason is because some sellers buy from people who have gotten allocation from NNPC and thus they are resellers. You should read on to discover the way to verify resellers.

2. If a seller requires you to commit any amount of money prior to the conduction of QnQ, then he is likely to be the leery type. Why should you give money for goods if you have not tested and confirmed their specs? It is an expected fact that prior to buying a product that you need to ascertain their quality. You need to keep this tip on your mind always. Some will tell you to pay an upfront or clearance fee prior to sailing the vessel to your preferred location for the Q&Q. You need to be very heedful here.

You should ask the seller to provide their cargo details if he tells you that it has been authorized and ready to be sold. Documents like CPA, ATL and q88 should be surrendered so you can be able to authenticate this claim.

Additional stuffs to look out for are Seller's Export Schedule, Export declaration of customs, Transport / delivery confirmation, Seller's Authority to re-sell and Port/Terminal confirmation of lifting schedule.

Modo Oil Group is a crude oil company which offer facilitation service to both sellers and buyers of crude oil. We have on our database genuine sellers and buyers of crude oil. We make buying and selling of crude oil an easy process. Check it out at at http://crude-oil-sellers.com/

Article Source: http://EzineArticles.com/?expert=Osite_Modozie

Gold Trading Time - Euro, US Dollar Are Falling! Gold is Rising! By Ahmad A Hassam

Gold Trading Time - Euro, US Dollar Are Falling! Gold is Rising!
By Ahmad A Hassam

Greece has done what most critics were saying years back when Euro was being introduced: it is very hard to have a common currency for a very desperate group of countries each having it's own monetary and fiscal policies. The overzealous politicians had brushed this fact at that time. But overtime, critics seem to be correct.

Massive Greek debt was the start of the unraveling. Massive debt in Spain, Portugal, Ireland and other PIIGs countries is going to implode soon. In fact, most of the countries are under massive debt. Years of overspending and budget financing is about to catch up. Let's take some figures;

Debt to GDP figures for Japan are 200%, 115% for Italy, 113% for Greece, 83% for US, 76% for France, 73% for Germany and 70% for UK. But these figures do not take into account the implicit debt figures. If you take into account the implicit debt figures than it is even more bleaker with debt to GDP ratio for Germany as 255%, France 255%, UK 530% and US 570%.

Whatever, modern governments have a trump card that they often love to use. Print more and more money. You see fiat currencies can be created out of thin air by the central banks. This is what is happening now. But the Euro is falling and so will the US Dollar as more and more money will be printed to ward off this massive debt crisis. This massive printing of cash will put a severe burden on the bond market.

What this means is that gold will keep on rising in the future. This is best time to trade gold. If you are a forex trader, you can easily trade gold from the same platform that you use to trade forex. You can spot trade gold against the US Dollar. It is being predicted that gold prices can rise as high as $7,000 per ounce.

Trend trading is what makes a fortune. If you can spot a trend developing in a market at the right time, you can make a fortune. A clear uptrend is there in the gold market. In the near to long term future, gold prices are going to appreciate and sky rocket with Euro and US Dollar prices going down. This is the right time to go long on gold and short on US Dollar. Gold market is in a long term uptrend. This is the best time to profit from gold trading!

Mr. Ahmad Hassam has done Masters from Harvard University. Watch this Freedom Forex Formula video that shows a FREE forex method responsible for growing a $34 million forex account from scratch. Download this 1 Minute Forex Trading System FREE! Article Source: http://EzineArticles.com/?expert=Ahmad_A_Hassam