10 Trending Crude Oil Mining Businesses [2024]
Crude oil is a naturally occurring petroleum product composed of hydrocarbon deposits and other organic materials. The largest share of crude oil is used for energy carriers that can be combined into gasoline, jet, fuel, diesel, and heating oils.
The global demand for crude oil is estimated at slightly below 100 million barrels per day.
With the high demand, starting a crude oil mining company could be a profitable business. To start, you will need crude oil mining equipment and a license from the regulatory arm of the government. Ensure you insure your mining equipment and staff, and meet the legal/licensure requirements.
Looking for some examples of a crude oil mining business?
Interested in case studies of a successful crude oil mining business? Check out our full list of success stories.
1. Vitol
Vitol is an energy and commodities trader. Every day we use our expertise and logistical network to distribute energy around the world, efficiently and responsibly
Where they're located: City of Saint Louis, Missouri, United States
2. Gunvor Group
Where they're located: Kannavia, Cyprus, Cyprus
Learn more about starting a crude oil mining business:
Where to start?
-> How much does it cost to start a crude oil mining business?
-> Pros and cons of a crude oil mining business
Need inspiration?
-> Other crude oil mining business success stories
Other resources
4. Oil In Uganda
5. GLOBAL OIL COMPANY LIMITED
6. Baker Oil Limited
7. Oil and Gas Training, Workshops, Seminars and Programs for the Petroleum Industry
Petroleum Training Courses, workshops, seminars, competency programs for the oil and gas industry
8. china-crude-oil.com
China Crude Oil and Precious Metals Trading
Energy Exchange
China Energy and Mining
Where they're located: Tatsuno, Japan
9. ALL Consulting
Where they're located: Tulsa, Oklahoma, United States
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
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- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
