Fuel Oil

Our fuel oil trading team combines global presence, market knowledge and efficient logistics to connect producers and end-users.

Our teams deploy interlocking skills. Origination teams on the ground develop relationships with power generators and bunker fuel traders. Traders monitor macro-economic and market-led patterns and trends. Analysts assess potential blending strategies.

We optimise flows and blends to reflect changing patterns of demand. Currently, 47 percent of global fuel oil supply is used in bunkers, 30 percent in power generation and the remainder for refinery feedstocks.

We focus on aligning our blends with specific pockets of demand. We serve the main fuel centres of Singapore, Dubai and Rotterdam. We also have long-term supply contracts to Caribbean countries and are West Africa’s biggest bunker fuel supplier. Regulatory changes are driving a general move towards low-sulphur grades. We are increasing the low-sulphur portion of our portfolio in line with global trends.

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Oil & Petroleum Products