Crude OilOil is an important and versatile substance
Oil is an important and versatile substance. Every day, it is used for many different applications in different forms and ways. Road sectors and petrochemicals are two of the largest sectors that account for nearly 65% of global oil demand.
Increasing demand trajectory.
In 2010, the world-wide daily demand of crude oil was 86.4 million barrels. In less than ten years, the demand increased to 100.1 million barrels a day. However, in 2020, the number decreased to 91.3 million barrels per day due to the economic and mobility impact of Covid-19. Still, if we compare the figures of crude oil demand between 2010 and 2020, the increasing demand trajectory of it becomes very clear.
150 million barrels per day by 2040.
Statistics show that crude oil demand will amount to nearly 150 million barrels per day by 2040. Because of this high global demand, Osta energy sources all the key crude grades such as sweet, sour, light, and heavy from across the world.
Trading, storing, financing, and supplying.
Besides trading, storing, financing, and supplying to counterparties and clients, we also have an expert team of crude oil trading specialists on standby to consult you with any issues regarding crude oil that you might need solving. All of them have first-hand experience and knowledge in both local and international markets and are actively involved in developing projects related to existing and new crude oil flow.