Commission-based exchange · crude & jet fuel

A commission-based exchange for crude and jet fuel cargo, tenders, and contracts.

Drumchord is a venue for brokers, refiners, mid-streamers, distributors, and jobbers to close cargo, tender, and contract deals — with counterparty credit vetting, disclosed commissions, and a single post-trade settlement rail.

$5–$15/ MT
Disclosed jet-fuel commission band
KYC
Vetted counterparty profiles
% spread
Disclosed crude fees

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Posted · North Sea
Posted Aug 20

Cargo · Crude

WTI · 50,000 bbl

Hook: Rotterdam · Lay/can: 15–22 Jul · API 33.2

Bid

$78.40

Ask

$78.55

Counterparty
NWE-04 · B+
Credit line
$8.4M cleared
Disclosed fees
0.19%
Settlement
In-platform

Choose your route into the desk

Commercial access with the controls visible.

Browse active petroleum opportunities, understand the commission structure, or start the evidence-led path to a verified firm profile.

Live settlement rail

Recent settlements

A public-safe snapshot of the latest approved closes, with the commercial vocabulary kept legible.

Market inventory

Live listings preview

A live look at the latest cargo, tender, and contract opportunities moving through the desk.

Published · newest first

Early access · invitation-gated

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Drumchord is invitation-gated. Brokers and other qualified counterparties can leave a work email to request access to the next onboarding cohort.

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Today, oil trades move through informal channels.

A 50,000-barrel cargo finds its match through job boards, direct messages, and the relationships one broker already has. Rates hide inside those referrals; credit quality hides behind trust; settlement is a string of emails and a phone call.

LinkedIn DM

"Hey, got 50k bbl WTI Rotterdam, looking for a real. Intro?"

r/commodities

"[WTB] CIF Med jet A-1, 8k MT, will pay $9/MT intro fee."

Job board post

"Urgent bid: Brent lift 30k bbl. References on request."

Drumchord replaces those informal channels with commission-disclosed, credit-vetted counterparty matching.

Four moves. Standardized specs. No guesswork on price.

Brokers spend time on price rather than paperwork. Drumchord handles the rails around the trade.

  1. 01

    Post the cargo

    Parcel or tender: product, volume, lay/can, incoterms, hook. Standardized spec fields, no freeform.

  2. 02

    Vet the counterparty

    Every profile is KYC-cleared with posted credit-line data and trading history. No anonymous DMs.

  3. 03

    Match & negotiate

    Drumchord surfaces ranked counterparties for the spec. Inside the match, you negotiate price; the platform stays out of it.

  4. 04

    Settle in-platform

    Trade ticket, commission receipt, and post-trade settlement tooling on the same record — auditable end-to-end.

The commission is on the ticket.No rate shopping.

Drumchord publishes the commission before the match closes. Both sides see the same number. Compensation only moves on a closed deal.

ProductRateSettlement trigger
Disclosed band
Jet fuel — spot & contract
$5–$15 / MTOn match close
Crude — disclosed spread
0.15–0.30%On match close
Tender fees (cargo)
FlatListed in the spec

Both sides see the same rate · No payment until the deal closes

Posted counterparty credit lines.

Every counterparty on Drumchord carries a structured profile: KYC status, posted credit lines, trade history, jurisdiction. You see who you're matching with before price enters the conversation.

    KYC verified

    Identity, beneficial ownership, AML clearances.

    Posted credit lines

    Cleared limits drawn from vetted partners.

    Trade history

    Settled volume, recency, counterparty mix.

    Standardized specs

    One product taxonomy; lay/can & incoterms in fields, not freeform.

On Drumchord, commissions are disclosed on every listing, counterparty credit is posted, and post-trade settlement runs through a single rail.

Desk activity

Active listings

Vetted counterparties

KYC-cleared counterparties

Disclosed commission bands

Open for postings

Bring us a cargo, a tender, or a contract.

Email the desk with your spec — crude or jet fuel, spot or term — and we'll route your listing to the right counterparty pool.

Privacy

Drumchord treats counterparty data as confidential business information. KYC artifacts are stored encrypted at rest and restricted on a need-to-match basis. Full policy available on request.

Terms

Drumchord is a matchmaking venue; it is not a counterparty to any trade posted on the platform. Commissions are disclosed per product band and are payable on close only. Full terms available on request.