OilEx is a digital marketplace connecting independent oil producers with global buyers. It provides a complete digital workflow for physical crude oil trade: from deal discovery to negotiation, contracts and settlement.
Sell crude oil on OilEx in an open and fair marketplace to existing and new buyers. Market your product faster, discover better prices and vastly reduce manual transaction overhead.
Rely on verified profiles and ratings of sellers on OilEx to find the right partners. Fill offtake needs quickly and efficiently by requesting market quotes and aggregating smaller producers in one ticket.
Uncover strategic trading opportunities with a visual market overview on interactive maps. OilEx enables electronic trading of physical oil: find professional counterparties, negotiate digitally, close deals fast.
Our platforms integrate industry best practices and reflect them in efficient digital processes.
Trade happens between trusted parties and following well-established traditions. We embrace this approach and made reputation a cornerstone of OilEx. Market participant's business activities and transactions are recorded on blockchain as a foundation for reputation ratings that protect privacy.
Transactions in physical oil are complex and layered. OilEx allows every market participant to specify a custom set of required actions and conditions for a successful trade. This makes our deal negotiation engine adaptive to customer needs and open for extension.
Supply Chain Finance
In a historic time of change for the industry, alternative and innovative forms of financing will support the operational expenditure and investment needs for hydrocarbon producers and purchasers. Together with international fintech firms and financial institutions, we are piloting streamlined trade and supply chain financing for crude oil producers and traders.
We are entering a period of energy transition and the rising importance of scope-3 emissions tracking for organizations across their complete product value chain. There is an opportunity in responsible production and better transparency. We work with our partners to develop effective rating systems for the environmental impact of oil production such as carbon footprints.