At 8th Sense, we understand the growing global demand for energy, especially during times of crisis. That’s why we have opened our network of long-standing international partners to facilitate energy trades for government agencies in countries affected by the current energy crisis. We have secured regular allocations of oil and gas from some of the largest producers in Africa, the United Arab Emirates, the USA, and Canada.
In the coal sector, we have acquired allocations directly from extraction mines in Australia, Kazakhstan, Colombia, Indonesia, and South Africa. We are also a supplier of high-quality copper cathodes, and our access to these metals, as well as lithium and cobalt, is made possible through our longstanding business relationships throughout the African continent.
As a strategic distributor of these emerging commodities, we are well positioned to meet the demands of businesses and governments looking to secure their supply. If you’re looking for a serious commodities partner in the energy sector, look no further than 8th Sense. Please get in touch with us so that a member of our team can reach out and discuss how we can help meet your energy needs.
Crude OIL
Crude oil is a naturally occurring substance that is formed over millions of years from the remains of ancient marine organisms and terrestrial plants. It is primarily composed of hydrocarbon deposits and other organic materials, and it is extracted from underground reservoirs or oil sands through drilling and mining.
Once extracted, crude oil is transported to refineries where it is refined into various usable products, such as gasoline, diesel, jet fuel, heating oil, and a range of other petrochemicals that are essential to our modern way of life. These refined products are then distributed to consumers via pipelines, tanker ships, and other forms of transportation.
Despite being a crucial component of the global economy, crude oil is a non-renewable resource, which means that it cannot be replaced naturally at the rate we consume it. As a result, it is a limited resource that must be used responsibly to ensure its availability for future generations.
Crude oil is also considered by many economists to be the single most important commodity in the world. This is due to the fact that it is the primary source of energy production, which drives economic growth and development in both developed and developing nations alike. The price of crude oil has a significant impact on the global economy, as it affects everything from the cost of gasoline to the price of consumer goods. As such, it is closely monitored by investors, traders, and policymakers around the world.
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