Crude Oil Trading
Our crude trading business has longstanding relationships with producers and refiners worldwide. We help the former to effectively market and distribute their daily production, and the latter to secure a reliable and consistent supply of the right quality crude at the right time.
We transact in over 100 different grades of crude oil in locations globally and are active across major centres where crude is produced, refined and traded, enabling our customers to benefit from critical intelligence and access to the most appropriate market. As a physical trader, we can deliver crude anywhere our customers require. We are one of the world’s largest spot charterers of crude vessels and have a dedicated fleet of various sizes, as well as access to storage on land around the world.
Partnering with producers
With specialist knowledge, global expertise and long established relationships with national oil companies, oil majors and independent producers, we manage transportation via pipeline, barge, train, truck and all sizes of vessel to efficiently and reliably transport crude to refiners worldwide. When appropriate, our traders work alongside our finance and E&P teams to develop commercial structures which allow us to finance producers’ operations in return for offtake.
Working with refiners
With an ownership stake in six refineries with a total 480,000 barrels per day refining capacity, we have the knowledge and expertise to supply the preferred feedstocks of refiners worldwide.
Serving a global market
Our market-leading position is built on a presence throughout the supply chain, as well as the major trading hubs.
In the Americas, we are involved in all major markets from Canada to Argentina. Across the continent, we have access to proprietary and leased energy infrastructure, enabling us to source and transport crudes to market, from production locations to major market hubs.
We have been at the forefront of changes in US crude, anticipating the evolution of flows, supporting the market’s fast development and finding new markets for long-standing customers from West Africa, Latin America and the North Sea, enabling them to continue to optimise the value of their crudes.
Asian markets are the drivers behind growing crude demand and, as well as working with Southeast Asian producers, our long-standing relationships with Middle East producers enable us to offer a stable and secure supply of competitively priced crude to our expanding customer base within the region.