Physical traders who take title and deliver to specification
We supply crude oil, refined petroleum products and gas on spot and term contracts. As a physical trader we take title to product, manage it through the supply chain and deliver it to each buyer’s specification, location and schedule.
How we trade energy
Principal trading
We buy from producers, refineries and major traders and resell to end users and distributors, managing price, quality and delivery risk.
Back-to-back transactions
Matched purchase and sale contracts on aligned terms that minimise open price exposure.
Term supply agreements
Monthly or quarterly contracted volumes for customers who need security of supply.
Spot cargoes and parcels
Single-cargo transactions that respond to short-term demand and market opportunities.
Agency and sourcing mandates
Procurement for government entities, distributors and industrial buyers for an agreed commission.
Storage hubs
Storage and blending coordinated at Fujairah, Jebel Ali, Rotterdam, Singapore and Houston.
Light sweet crude, API above 35°
We supply light sweet grades comparable to benchmarks such as Murban, Brent and WTI. Light crudes yield a higher share of high-value gasoline, jet fuel and diesel.
| Parameter | Unit | Specification | Test method |
|---|---|---|---|
| API gravity at 60 °F | °API | Min 35.0 (typically 35–45) | ASTM D287 / D4052 |
| Density at 15 °C | kg/m³ | Max 849.8 | ASTM D4052 / D1298 |
| Total sulphur | % mass | Max 0.50 (sweet) | ASTM D4294 |
| Basic sediment and water | % vol | Max 0.50 | ASTM D4007 |
| Salt content | lb/1,000 bbl | Max 10 | ASTM D3230 |
| Reid vapour pressure | psi | Max 10 | ASTM D323 |
| Total acid number | mg KOH/g | Max 0.50 | ASTM D664 |
| Nickel + vanadium | mg/kg | Max 20 | ASTM D5708 |
| Ash content | % mass | Max 0.05 | ASTM D482 |
| Pour point | °C | As per grade assay | ASTM D97 / D5853 |
| Kinematic viscosity at 40 °C | cSt | As per grade assay | ASTM D445 |
| Hydrogen sulphide (H₂S) | ppm | As per contract | UOP 163 / IP 570 |
Typical contract specification. Each cargo is sold on the certificate of quality issued by the independent inspector at the load port, together with the assay of the grade.
From one barrel to a full product slate
| Product | Grade / standard | Key specifications | Main uses |
|---|---|---|---|
| LPG | Propane, butane or mix (ASTM D1835 / ISO 9162) | Composition, vapour pressure and sulphur as per contract | Cooking, heating, petrochemicals |
| Naphtha | Light or full-range naphtha | Density 650–740 kg/m³; paraffin content as per contract | Petrochemical feedstock, gasoline blending |
| Gasoline | Unleaded 91, 92, 95, 97 RON (EN 228 type) | RON min per grade; sulphur max 10 mg/kg; density 720–775 kg/m³; benzene max 1.0% vol | Road transport |
| Jet fuel | Jet A-1 (DEF STAN 91-091 / ASTM D1655) | Flash point min 38 °C; freezing point max −47 °C; density 775–840 kg/m³; sulphur max 0.30% mass | Commercial aviation |
| Kerosene | Dual-purpose kerosene | Flash point min 38 °C; sulphur as per contract | Heating, lighting, industry |
| Diesel | EN590 10 ppm ULSD | Cetane min 51; sulphur max 10 mg/kg; density 820–845 kg/m³; flash point above 55 °C | Road transport, power generation |
| Gasoil | Gasoil 0.1% and 0.5% sulphur | Sulphur max 0.10% or 0.50% mass; flash point min 60 °C | Industry, mining, power plants |
| Marine gasoil | ISO 8217 DMA | Sulphur max 0.10% mass; viscosity 2.0–6.0 cSt at 40 °C; flash point min 60 °C | Shipping in emission control areas |
| VLSFO | ISO 8217 RMG 380, 0.5% S | Sulphur max 0.50% mass; viscosity max 380 cSt at 50 °C; density max 991 kg/m³ | Shipping (IMO 2020 compliant) |
| HSFO | ISO 8217 RMG 380 / RME 180 | Sulphur max 3.50% mass; viscosity max 380 or 180 cSt at 50 °C | Scrubber-fitted vessels, power plants |
| Base oils | Group I SN150, SN500, Bright Stock | Viscosity index 80–120; viscosity by grade | Lubricant blending |
| Paraffin wax | Fully and semi-refined | Melting point and oil content by grade | Candles, packaging, industry |
| Bitumen | Penetration grade 60/70 and 80/100 | Penetration 60–70 or 80–100 (0.1 mm) at 25 °C | Road construction, waterproofing |
| Petroleum coke | Fuel grade and calcined | Sulphur, volatile matter and calorific value as per contract | Cement, power, aluminium smelting |
Typical specifications. The binding specification for each cargo is set in the contract and confirmed by independent inspection. Product range is subject to licensed activities.
Controlled from source to discharge port
- Sourcing. Only from verified refineries, national oil companies, established traders and licensed terminal operators, with documented title.
- Delivery. FOB, CFR and CIF vessel cargoes; tank-to-tank and in-tank transfer at terminals; DAP supply by road or rail.
- Shipping. Vessels chartered from vetted owners, with checks on age, P&I cover, flag, ownership, AIS history and sanctions status.
- Inspection. Independent surveyors such as SGS, Intertek or Bureau Veritas confirm quality and quantity at load and discharge.
- Insurance. Cargo insurance for not less than 110% of invoice value on CIF and comparable terms.
Our standard practice
| Price basis | Platts, Argus, ICE Brent or Dubai, plus or minus an agreed premium or discount |
| Pricing period | Set per contract, for example an average around the bill of lading date or a monthly average |
| Contract framework | Incoterms 2020, with defined quality, quantity, laytime, demurrage and dispute-resolution clauses |
| Payment security | Documentary or standby letter of credit, bank guarantee, or cash against documents for approved counterparties |
Discuss a cargo, a term supply or a gold purchase.
Send your Letter of Intent or Request for Quotation. Every enquiry is answered by a member of our trading team after counterparty checks.