Delivering value across supply chains

Arbitrage plays a key role in how we create value across global markets. By monitoring movements in crude prices, freight rates, and regional spreads, we identify situations where supply and demand imbalances create short-term inefficiencies. Acting on these opportunities helps move barrels to where they are needed most, improving overall market efficiency and supporting both producers and refiners.

Every arbitrage decision is informed by careful consideration of logistics, cargo quality, storage economics, and risk exposure. Our focus is on capturing value responsibly while ensuring efficient, timely, and well-executed physical deliveries.

Optimising the physical supply chain is essential to our trading activities. We coordinate vessel chartering, shipping schedules, and terminal operations to ensure that cargoes move safely and efficiently across regions. When appropriate, we make use of storage and blending options to meet customer specifications and optimise delivery timing.

Through close collaboration with shipowners, terminal partners, surveyors, and logistics providers, we work to minimise disruptions and deliver reliable, cost-effective execution. This allows our counterparties to receive consistent, on-spec cargoes and supports the smooth flow of trade across markets.

Long-term agreements allow us to build stable and reliable relationships with producers and end-users. These contracts provide predictable volumes, clearer planning cycles, and greater visibility on deliveries and pricing mechanisms. For producers, this means consistent demand; for refiners, it ensures a dependable supply of feedstock.

We tailor each arrangement to the needs of our counterparties, balancing reliability with flexibility. These partnerships support long-term cooperation and help all parties manage operations and commercial exposure more effectively.

Managing risk is essential in a volatile market. Through the use of hedging tools such as futures and swaps, we mitigate unwanted exposure to price movements, freight fluctuations, and timing differences. This helps stabilise margins and improves predictability for both ourselves and our partners.

Our approach is grounded in disciplined processes, daily monitoring of exposures, and prudent internal controls. By managing risk thoughtfully and transparently, we strengthen the resilience of our trading activities and support long-term business sustainability.