— DMCC-based · Escrow-secured · KYB-verified

Source petroleum directly. Settle with certainty.

Crudesource connects verified buyers and sellers of crude, diesel, jet fuel and petrochemical products. One standardized procedure. Bank-held escrow. No broker chains.

crudesource.com · powered by Crudesource FZCO, DMCC
How a deal closes on Crudesource

One procedure. Three to forty-five days. Funds locked in a UAE bank escrow, released only on verified inspection.

01 — MATCH

Verified counterparties

Every buyer and seller passes corporate KYB, sanctions screening and proof-of-product or proof-of-funds before they post anything. Tiered Bronze / Silver / Gold based on closed history.

02 — CONTRACT

One standardized SPA

No more 14 different ICPO formats. The platform's SPA template auto-populates with the deal terms. Both parties e-sign. Three tracks: tank-to-tank, CIF cargo, truck spot.

03 — SETTLE

Bank-held escrow

Buyer funds a per-deal escrow at our UAE banking partner. Independent SGS / Intertek inspector verifies product. Funds release atomically against title transfer. Commission deducted at close.

Sourcing
42 verified offers · updated 2 min ago
Open Listings
42
+5 today
Active Deals
11
$47.2M in escrow
Verified Sellers
28
9 Gold · 12 Silver · 7 Bronze
Closed This Month
17
$94M settled · 100% on time

Live Offers

All
EN590 Diesel
Jet A1
Crude
Mazut
ProductQuantityLocationIncotermPriceSellerAvailable
Diesel EN590 10ppm
Ultra-low sulfur · CN 51 min
25,000 MT
 Fujairah Tank 14B FOB ASWP
$642 / MT
 Gold Volga Energy DMCC NOW
Jet Fuel A1
JP54 · DEF STAN 91-091
2 × 50,000 MT
 Rotterdam ARA CIF ASWP
Platts -2.40
 Gold Northstar Petroleum 15 DAYS
Crude Oil — Light Sweet
API 38.5 · S 0.4%
1,000,000 BBL
 Basra FOB FOB
Brent -3.10
 Silver Levant Trading FZE 30 DAYS
Diesel EN590 50ppm
GCC spec · CN 49 min
500 MT
 Jebel Ali Truck DAP UAE
$655 / MT
 Bronze Gulf Fuel Co. 48 HRS
Mazut M100
GOST 10585-99 · S 2.0%
100,000 MT
 Novorossiysk CIF Houston
$385 / MT
 Silver Caspian Petro 20 DAYS
Gasoline 95 RON
Euro 5
12,000 MT
 Fujairah Tank 7A FOB
$745 / MT
 Gold Volga Energy DMCC NOW
AVAILABLE CS-LST-2026-0142
Diesel EN590 10ppm — 25,000 MT
Fujairah Tank Terminal · FOB ASWP · listed by Volga Energy DMCC
Product Specification
Density @ 15°C
0.820 – 0.845
Sulfur Content
≤ 10 ppm
Cetane Number
51 min
Flash Point
≥ 55°C
CFPP
−15°C
Standard
EN 590:2013
Commercial Terms
Quantity
25,000 MT ±5%
Price
$642 / MT
Total Contract Value
$16,050,000
Incoterm
FOB Fujairah ASWP
Payment
Crudesource Escrow
Procedure Track
A — Tank-to-Tank
Proof of Product
📄
Tank Storage Receipt — Tank 14B
FUJAIRAH-TSR-22041 · 3 days ago
Verified
🧪
SGS Quality Report
SGS-DXB-9933 · 5 days ago
Verified
📄
Authorization to Verify (ATV)
Available on RFQ acceptance
On request
Seller
VE
Volga Energy DMCC
Dubai · since 2024
Gold Verified
14Closed
100%On-time
$210MVolume
Verified petroleum trader with allocation through Black Sea and Fujairah terminals. Specializes in clean products to MENA distribution.
Deal Procedure (Track A)
✓
Listing posted
All proofs uploaded
2
Buyer RFQ + SPA
Auto-populated · both sign
3
Escrow funded
Buyer wires to Mashreq escrow
4
Independent inspection
SGS dip test at tank
5
Title transfer + release
Atomic settlement
My Deals
3 active · 7 closed · $4.2M in escrow on your behalf
Deal IDCounterpartyProductValueStageUpdated
CS-DL-2026-0089 Volga Energy DMCC Diesel EN590 · 25,000 MT
$16,050,000
 Escrow Funded 12 min ago
CS-DL-2026-0082 Northstar Petroleum Jet A1 · 50,000 MT
$31,500,000
 SPA Drafting 2 hrs ago
CS-DL-2026-0078 Gulf Fuel Co. Diesel · 500 MT (truck)
$327,500
 Inspection Pending 4 hrs ago
CS-DL-2026-0061 Volga Energy DMCC Gasoline 95 · 12,000 MT
$8,940,000
 Closed 11 days ago
ESCROW FUNDED CS-DL-2026-0089 · Track A
Diesel EN590 · 25,000 MT · $16.05M
Al Mansouri Fuels ⇄ Volga Energy DMCC · opened 2 days ago
Held in Escrow
$16,050,000.00
Mashreq Bank · Escrow A/C 0301-XXXX-4471 · received 2026-05-22 14:33 GST
Releases on
SGS Inspection Pass + Title Transfer
Messages
Documents (5)
Activity Log
VE
Volga Energy · Sergei K.
SPA executed and escrow confirmed. Authorizing SGS for tank dip on Tuesday morning. Will share the ATV on the inspection portal once issued.
AM
Al Mansouri (you)
Confirmed. Our surveyor witness will attend. Please send the loadout schedule once inspection is closed.
SG
SGS Fujairah · Inspector Patel
Inspection scheduled for 2026-05-26 09:00 local. Report uploaded to deal room within 4 hrs of test.
Deal Stage
✓
Match & RFQ
2 days ago
✓
SPA Signed
Both parties · 2026-05-22
✓
Escrow Funded
$16.05M received
4
Inspection
SGS scheduled · 2 days
5
Title Transfer
Pending
6
Release
Pending
Documents
📑
Master NCNDA
Crudesource v1.0 · 2 days ago
Signed
📑
Sales & Purchase Agreement
Track A · $16.05M
Signed
💰
Escrow Funding Confirmation
Mashreq · MT103
Confirmed
🧪
SGS Inspection Report
Scheduled for 2026-05-26
Pending
📋
Title Transfer Cert.
Awaiting inspection
Pending
Next action: SGS Inspector to upload dip-test report · est. release Wed 2026-05-26
Company Verification
Crudesource-grade KYB for Al Mansouri Fuels · 7 of 9 checks complete
Gold Verified
1. Corporate Identity
Complete
✓
Trade license verified — DMCC FZE-CL-0029841
Sumsub · 2026-04-12
✓
Memorandum & Articles of Association
Uploaded · 2026-04-12
✓
Ultimate Beneficial Owner (UBO) declaration
3 UBOs verified
2. Financial Standing
Complete
✓
Bank Comfort Letter — Emirates NBD
Valid · expires 2026-09-30
✓
Last audited financial statements (2024)
PwC audit · uploaded
✓
Proof of offtake — distribution agreement
3 verified end-buyers
3. Compliance & Sanctions
Action required
✓
OFAC / EU / UK sanctions screen (entity + UBOs)
Clear · refreshed daily
!
Annual sanctions re-attestation
Due in 6 days
○
AML/CTF policy upload (Gold tier requirement)
Not started
Inspector Portal
SGS Fujairah · 3 jobs assigned
Job: CS-DL-2026-0089 — Diesel EN590 Dip Test
Fujairah Tank Terminal · Tank 14B · scheduled 2026-05-26 09:00 GST
⚡ On submission: Both buyer and seller are notified. If PASS, the escrow release becomes eligible. Title transfer document auto-generates.
Admin Console
Crudesource staff only · 4 KYBs pending review · 11 live deals
Commissions MTD
$612K
target: $750K
Volume MTD
$94M
17 deals closed
KYBs to Review
4
oldest: 38 hrs
Active Escrow
$47.2M
11 deals

KYB Queue

CompanyTypeSubmittedSumsubSanctionsAction
Sahara Petrochem LLCSeller38h agoVerifiedClear
NewGen Distributors FZEBuyer12h agoVerifiedClear
Eastern Energy DMCCSeller6h agoPendingPending
Black Sea Trading LtdSeller2h agoVerifiedHit — review