Crude oil is a commodity to many countries but it’s also the most unrefined product found in the market. That’s why there are only limited buyers of crude oil in the world, compared to buyers of other products.

Most importantly, a crude oil cargo can cost up to 150 million USD. Getting a deal out of a company with no proven credibility can cost you a fortune!

Whether you have a cargo of crude oil at your disposal or looking to be an oil tycoon, you should know about these 5 most reliable crude oil buyers around the world.

Phelps Dodge Corporation

Phelps Dodge is one of the largest copper miners you’ll find around the world. In fact, 30 percent of the copper in the United States come from this corporation.

Equinor ASA

Equinor ASA is a multinational energy company with their headquarters located in Stavenger, Norway. Currently, they’re working on providing the world a sustainable energy future.

Shenzhen Gas Corp Ltd

Shenzhen Gas Corp is engaged with the retail of different gas products. The company prides itself with the distribution of gas products, especially petroleum.

Polarcus Limited OSE: PLCS

Polarcus is a public limited company in the petroleum industry. Their headquarters is located in Dubai, UAE. The company aims to provide worldwide seismic data acquisition in order to help improve the targeting of oil and gas reserves.

Seadrill

Seadrill, as the name suggests, is a deep-water drilling contractor in the petroleum industry. They provide worldwide offshore drilling services. Despite that, they also accept oil and gas products.

And that concludes our roundup of the five largest and most reliable crude oil buyers and companies around the world. All these companies offer fantastic services and are trusted by large corporations around the globe.