Licensed Crude Oil Trading Companies in UAE - Verified Traders & Suppliers

Home > UAE > Crude Oil Trading in UAE - 29 Listings
  • P.O. Box:
    340808
  • Address :
    JLT, Cluster I, Unit L, 32nd floor
  • Area :
    Jumeirah Lakes Tower
  • City :
    Dubai
Categories: Crude Oil Trading

  • P.O. Box:
    340544
  • Address :
    Jumeirah Lake Towers, Almas Tower, 63rd Floor
  • Area :
    Jumeirah Lakes Tower
  • City :
    Dubai
Categories: Crude Oil Trading

  • Address :
    453 Sheikh Zayed Rd - Al Quoz - Al Quoz 1 - Dubai
  • Area :
    Al Quoz
  • City :
    Dubai

  • P.O. Box:
    488202
  • Address :
    12th Floor, JBC5, Cluster W, Jumeirah Lakes Towers,Dubai, UAE
  • Area :
    Jumeirah Lakes Towers
  • City :
    Dubai

Results 1 - 20 out of 29

PROFILE OF Crude Oil Trading

FAQS

How many crude oil trading companies are listed in UAE?

There are 29 verified crude oil trading companies listed in UAE on this directory.

  • Most are based in Dubai's DMCC and JAFZA free zones
  • Includes both physical traders and re-export brokers
  • Each listing includes phone number and address where available

Why is Dubai a hub for crude oil trading?

Dubai is a crude oil trading hub because of its DMCC free zone, strategic location, and access to Jebel Ali Port infrastructure.

  • 100% foreign ownership is permitted in DMCC and JAFZA
  • Location bridges Gulf producers with Asian and African buyers
  • Established trade finance and banking infrastructure supports large transactions

What license is needed to start a crude oil trading company in UAE?

A crude oil trading company in UAE typically requires a commodity trading license from DMCC or JAFZA.

  • DMCC issues specific licenses for energy and commodity trading
  • Additional approvals may be needed for physical storage or handling
  • Federal Customs Authority registration is required for import/export activity

What is the difference between crude oil trading and refined oil products trading?

Crude oil trading deals in unrefined petroleum, while refined oil products trading covers outputs like diesel, gasoline, and lubricants after refining.

  • Many UAE companies trade both categories
  • Crude trading often involves larger single-cargo transactions
  • Refined products trading serves broader downstream distribution

What factors affect crude oil prices traded through UAE?

Crude oil prices traded through UAE are affected by global supply and demand, OPEC production decisions, and geopolitical events.

  • Benchmark prices like Brent and WTI influence regional pricing
  • Regional conflicts or shipping disruptions can cause volatility
  • Currency and freight costs also factor into landed pricing

Do UAE crude oil trading companies need to report their transactions?

Yes, crude oil trading companies operating in UAE free zones such as DMCC are subject to reporting and compliance requirements set by their licensing authority.

  • Reporting supports anti-money-laundering and trade compliance checks
  • Federal Customs Authority tracks physical import/export volumes
  • Federal Tax Authority requirements apply for VAT and excise where relevant

Can a new trading company import crude oil into UAE for re-export?

Yes, companies registered in free zones like JAFZA or DMCC commonly import crude oil or petroleum products for re-export to third countries.

  • Free zone status allows duty-deferred handling of re-export cargo
  • Jebel Ali Port provides bonded storage and tanker access
  • Proper customs documentation is required for re-export shipments

What benchmarks are used in UAE crude oil trading?

UAE crude oil traders commonly reference WTI (West Texas Intermediate) and Brent crude benchmarks for pricing contracts.

  • Regional grades may be priced at a differential to these benchmarks
  • Contract terms vary between spot and term agreements
  • Trading platforms and brokers reference these benchmarks for settlement

Are there well-known oil and gas companies operating in Dubai?

Yes, Dubai hosts several prominent oil and gas companies, including ENOC among others active in trading and distribution.

  • ENOC operates across crude, refined products, and retail fuel
  • Several international trading houses maintain Dubai offices via DMCC
  • These companies influence regional supply and pricing dynamics

How do I verify a crude oil trading company before doing business in UAE?

Verify a crude oil trading company by checking its DMCC or JAFZA license, registered address, and trading history before engaging.

  • Confirm license validity through the relevant free zone authority
  • Cross-check company details against directory listings
  • Request references or trade documentation for large transactions
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