Occidental Petroleum, an American energy company, and DRW have entered into a strategic partnership to release 23 million barrels of Brent crude oil.
In a groundbreaking development in the energy and finance sectors, Occidental Petroleum (hereinafter referred to as Occidental) and DRW Corporation (hereinafter referred to as DRW) are pleased to announce the successful conclusion of a strategic cooperation agreement involving the release of a total of 23 million barrels of Brent crude oil. The signing of this agreement signifies the robust expertise of Occidental and DRW in the energy industry and their outstanding capabilities in the financial futures crude oil trading sector.
Overview of the Cooperation Agreement:
Under this exciting cooperation agreement, Occidental will release 23 million
barrels of Brent crude oil at a price of $45 per barrel, to be purchased by DRW. In addition, DRW Corporation has subscribed to 8 million barrels of crude oil, demonstrating their steadfast commitment to this collaboration.
This partnership also provides a unique opportunity for DRW's Asian users, including users in Japan, Singapore, and Hong Kong, with a combined allocation of 3 million barrels of crude oil. This will enable investors in the Asian region to actively participate in this strategic investment, harness market opportunities, and maximize investment returns.
Key Dates:
The implementation of the cooperation agreement will follow these key dates:
-Brent crude oil online date: December 18, 2023, at 0:00(Tokyo Time)
- Purchase deadline: December 23, 2023, at 0:00(Tokyo Time)
- Delivery date: December 29, 2023, at 0:00(Tokyo Time)
Buyers have the opportunity to participate in this collaboration and benefit from the potential future appreciation of Brent crude oil before the purchase deadline.
Value of CDS Contracts:
This cooperation agreement utilizes CDS contracts, providing investors with unique market opportunities. These contracts allow investors to flexibly engage in crude oil trading in the future based on market conditions to maximize their investment returns.
Industry Expertise:
Occidental Petroleum, as a significant player in the American energy sector, has earned a reputation in the industry and achieved excellence in environmental protection and sustainable energy. DRW Corporation is renowned for its expertise in financial futures crude oil trading and is one of the leaders in the global financial markets.
Expectations and Confidence:
The conclusion of this cooperation agreement signifies the ambition and determination of both companies to provide the best investment opportunities for investors. The combination of Occidental Petroleum's crude oil supply and DRW Corporation's financial strength and expertise creates a remarkable investment opportunity, allowing investors to participate in the development of the global crude oil market.
DRW Corporation looks forward to fully leveraging its professional advantages in this collaboration to provide excellent service and support to investors. We encourage all interested investors to actively participate before the purchase deadline to ensure they don't miss out on this exciting strategic investment opportunity.
For any further professional advice or inquiries, please feel free to contact DRW Corporation's customer service team. We sincerely appreciate your trust and support for DRW over the years and look forward to sharing this exciting strategic investment opportunity with you.
About Occidental Petroleum Corporation:
Occidental Petroleum Corporation is a global energy company headquartered in the United States. The company has extensive experience and a strong track record in the exploration, production, and sale of crude oil, natural gas, and chemical products. Occidental Petroleum is committed to driving sustainable development in the energy industry and has achieved excellence in environmental protection.
About DRW Corporation:
DRW Corporation is a global leading financial institution specializing in trading and investment in financial markets. The company has extensive experience and outstanding expertise in financial futures crude oil trading, known for its market insights and innovation. DRW Corporation is dedicated to providing excellent financial services and investment opportunities to clients.