Physical Trading at Global Scale

Our trading desks operate across crude oil, refined products, and oil products — managing physical cargo, derivatives, and structured transactions from Dubai's premier energy hub.

0 M+

Barrels Annually

Physical trading volume

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Crude Grades

Active cargo positions

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Hours a Day

Global trading desk coverage

$ 0 B+

AUM Equivalent

Trading book value

Product Coverage

Three dedicated desks covering the full spectrum of hydrocarbon commodities, each staffed by specialist traders with deep domain knowledge.

Crude

Crude Oil

Physical cargo trading across all major grades — Arab Light/Heavy, Murban, Basrah Heavy/Light, CPC Blend, ESPO, Brent and WTI. We trade spot, forward, and structured volumes.

Key Grades / Products

  • Arab Light
  • Murban
  • Basrah Light
  • Brent
  • WTI
  • ESPO Blend
Products

Refined Products

Full range of refined petroleum products including gasoline, gasoil, diesel, jet fuel, fuel oil, and naphtha. Bulk and marine bunkering supply solutions.

Key Grades / Products

  • Gasoline RON 92/95
  • Gasoil 10/50ppm
  • Jet A-1
  • VLSFO
  • Naphtha
  • LSFO 0.1%
Products

Oil Products

Petrochemical feedstocks, base oils, bitumen, lubricant base stocks, and specialty petroleum products for industrial, marine, and refinery end-uses.

Key Grades / Products

  • Base Oil SN150/500
  • Bitumen 60/70
  • Naphtha
  • Petcoke
  • Sulphur
  • Slack Wax

Protecting Value Across the Curve

Our risk advisory team designs bespoke hedging programmes for producers, refiners, airlines, shippers, and industrial consumers.

Futures & Forwards

ICE Brent, NYMEX WTI, and Singapore Exchange positions to hedge physical cargo exposure across the forward curve.

Options Strategies

Vanilla and exotic options structures — collars, spreads, Asian averages — tailored to client budgets and risk tolerance.

Crack Spread Hedging

Refining margin protection through crack spread swaps on gasoline, gasoil, and jet fuel vs. crude benchmarks.

Basis & Location Risk

Differential hedging across geographic and quality spreads — Dubai/Brent, HSFO/VLSFO, Med vs. Arab Gulf.

FX Risk Management

USD and multi-currency hedging solutions for non-USD counterparties active in physical commodity contracts.

Credit Structuring

Prepay, tolling, and offtake structures that optimise working capital and manage counterparty credit exposure.

From Sourcing to Settlement

Market Intelligence

Real-time price discovery, fundamental analysis, and supply/demand modelling across target markets

Origination

Sourcing physical cargoes and bilateral deals from producer relationships and exchange platforms

Execution

Documentation, credit approval, insurance, and nomination — fully managed by our operations team

Settlement

Quality inspection, demurrage management, invoicing, and counterparty payment coordination

Explore Our Operations

Learn how our operations team delivers physical cargoes from source to destination with precision and reliability.