CRUDE OIL

ICOOM General Trading is a leading provider of crude oil products across the Middle East and North Africa region. Founded in 2020, our mission is to provide reliable, cost-effective crude oil solutions to our customers. We specialize in supplying high-quality crude oil products from refineries and other industrial users as well as offering crude oil products trading services to buyers and sellers around the world. Our team of experienced professionals is dedicated to providing exceptional service and customized solutions to meet our clients’ needs. We are committed to providing the highest quality of service and strive to exceed our customers’ expectations.

Icoom General Trading Oil & Gas business process

Market Analysis
Organization & management
5 ways to deal with oil refineries
Steps in the export of oil
Oil Prices

Oil trading is a dynamic and lucrative market that presents immense opportunities for growth and profit. As a global commodity, oil's value is influenced by factors such as geopolitics, supply and demand dynamics, and economic trends. Engaging in oil trading allows organizations to capitalize on price fluctuations, hedge against risks, and diversify their portfolios. Icoom General Trading Oil & Gas business leverage market expertise and advanced trading strategies, businesses can navigate this complex market and unlock significant potential for success

BUSINESS PROCESS

MARKET ANALYSIS & RESEARCH

SERVICE & PRODUCT

ORGANIZATION & MANAGEMENT

MARKETING AND SALES

CONTINGENCY PLAN

How does it work?

MARKET ANALYSIS & RESEARCH

Dubai, being a major business hub in the Middle East, has a significant demand for diesel fuel due to its growing economy, construction activities, and transportation sector. Here are some key points on how Icoom General Trading do and look for in the diesel trade market in Dubai:

Import and Export: Diesel is imported from various countries, including neighboring Gulf Cooperation Council (GCC) countries, as well as other global suppliers.
Market Dynamics: The diesel trade market in Dubai is influenced by factors such as global oil prices, supply and demand dynamics, geopolitical events, and regional economic conditions. Fluctuations in crude oil prices can impact the cost of diesel imports, which, in turn, can affect the local market prices.
Market Players: Several national and international companies are involved in the diesel trade market in Dubai. These include oil trading companies, fuel distributors, petroleum retailers, and major oil companies. Some prominent players in the UAE's petroleum industry include Emirates National Oil Company (ENOC), Emirates Petroleum Products Company (EPPCO), and Abu Dhabi National Oil Company (ADNOC).
Pricing: Diesel prices in Dubai are regulated by the Dubai Government's Fuel Price Committee, which sets the retail prices based on global oil prices and other factors. The pricing structure may vary, but diesel prices are generally lower compared to gasoline due to different taxation policies.
Pricing: Diesel prices in Dubai are regulated by the Dubai Government's Fuel Price Committee, which sets the retail prices based on global oil prices and other factors. The pricing structure may vary, but diesel prices are generally lower compared to gasoline due to different taxation policies.
Consumption and Demand: Diesel fuel is widely used in various sectors in Dubai, including transportation (trucks, buses, taxis), construction, power generation, and industrial applications. The demand for diesel is driven by economic growth, infrastructure development, and the transportation needs of both goods and people.
Environmental Regulations: The Dubai Government has been taking steps to reduce emissions and improve air quality. In line with this, there are regulations in place to control the quality of diesel fuel sold in Dubai, ensuring it meets certain specifications and emission standards.

ORGANIZATION & MANAGEMENT

The organization and management of oil trading in Dubai involve various entities, both governmental and private, that play key roles in facilitating the trading activities.

Dubai Multi Commodities Centre (DMCC): The DMCC is a government entity that operates as a free trade zone and provides the infrastructure and regulatory framework for commodity trading in Dubai, including oil.
Dubai Mercantile Exchange (DME): The DME is a joint venture between the DMCC, CME Group, and Oman Investment Fund.
Government-Owned Oil Companies: The United Arab Emirates (UAE) has prominent government owned oil companies that are involved in oil trading, including:
a. Emirates National Oil Company (ENOC).
b. Emirates Petroleum Products Company (EPPCO
c. Abu Dhabi National Oil Company (ADNOC)
Regulatory Bodies: The oil trading activities in Dubai are subject to regulation by various governmental bodies, including the Dubai Multi Commodities Centre Authority (DMCCA) and relevant regulatory authorities within the UAE, such as the Securities and Commodities Authority (SCA) and the Ministry of Energy and Infrastructure (MOEI).