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The recent acquisition of Blue Commodities by an oil brokerage firm is a massive step forward for our industry, highlighting the growing demand for innovative solutions and expanded physical broking capabilities. This strategic move reinforces the importance of staying ahead in a market that never stops evolving. Let’s continue pushing boundaries and building the future of commodity brokering! ?? Check out the article for all the details: https://lnkd.in/gR9YZs4a

Curious About Buildofarm? Check out our latest post to learn how we're redefining the future of commodity brokering! ??

Saudi Arabia is making waves with a historic oil price cut in Asia, signaling significant shifts in global energy dynamics. This move will undoubtedly impact the market, creating opportunities for traders, brokers, and businesses across the energy sector. In times like these, staying informed is the key to staying ahead. Whether you're in commodity trading, energy brokering, or downstream operations, it's critical to understand how these changes can influence the supply chain and pricing strategies. ?? Read the full article here: https://lnkd.in/g_Fbn9GU

ADNOC has just made a strategic leap by expanding its presence in Fujairah, one of the world’s top energy trading hubs. This new refinery deal is a testament to the UAE's commitment to solidifying its influence in global energy markets. Interested in learning more? ? https://lnkd.in/gsKZQDtA

?? Exciting Opportunity in the Energy & Gas Sector! ?? If you’re looking to join a dynamic team from the ground floor, this is your chance! ?? Buildofarm is on the hunt for highly experienced experts in the energy and gas sector. We need someone passionate about educating and mentoring the next generation of brokers. ?? You’ll play a pivotal role in guiding aspiring brokers toward their professional goals, helping us equip hundreds of brokers worldwide with the skills to become certified commodity brokers. ???? Ready to make an impact? Join us and be part of something BIG! ??

?? How to Avoid Scams in the Oil Brokering Industry ?? The oil industry can be incredibly lucrative, but it’s also ripe for scams. Here are 6 key tips to protect yourself and your business: 1. Verify the Supplier & Buyer ???♂? Always do your due diligence! Research the company’s track record, check references, and ensure they have a legitimate presence in the industry. Look for red flags like no physical address or unverifiable trade history. 2. Verify documentation ?? A common trick is the presentation of falsified documents, such as letters of credit or sales contracts. These documents may appear legitimate but often contain subtle errors or use unusual formats. 3. Beware of "Notarization Fee" Scams ?? If you're asked to pay a notarization or documentation fee before receiving your commission, it’s a scam. Legitimate oil brokers are paid on successful deals, not through upfront fees. Don't fall for this common trap—never pay to get paid. 4. Be Wary of RWA Requests ?? If a seller insists on providing a Performance Bond (PB) only after receiving a bank-issued RWA (Readiness, Willingness, and Ability) request from the buyer’s bank, be cautious. 5. Refusal to Provide Vessel Documents ?? If a seller claims the cargo is ready but refuses to share key documents like the Charter Party Agreement (CPA), Authority to Load (ATL), or Q88 vessel details, this is a major red flag. Legitimate sellers will provide these documents to verify the existence of the loaded vessel. Don’t proceed without proper verification. 6. Seller Refuses Phone Contact ?? If a seller or their agent refuses a phone call with the buyer, it’s a red flag. A direct conversation helps the buyer gauge the seller's legitimacy and expertise. Honest sellers are open to communication, so refusal can signal something is off. Always push for direct contact to ensure transparency. Stay sharp and trust your instincts. Oil brokering is about building relationships with trusted partners – don’t let a scam derail your success!

Employees at Vitol Group, one of the world’s largest oil trading firms, are reportedly earning over $800,000 annually—surpassing typical earnings on Wall Street. This article dives into the lucrative rewards of oil trading and the success of Vitol's compensation model. Interested in learning more about these impressive figures? ? https://lnkd.in/gaQdeCCs