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.

Volume

Monthly Cargo

Per month avg.

Crude Desk

Grade Distribution

Active positions

Operations

Desk Coverage

Global trading desk

Book Value

AUM Breakdown

By product type

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

Specialty & Industrial Products

Beyond fuels, our oil products desk covers the full spectrum of specialty petroleum products — from bitumen and base oils to petcoke and sulphur — serving refinery, construction, and industrial end-users worldwide.

Lubricants

Base Oil

Group I, II and III base oils for lubricant manufacturing. We supply SN150, SN500, and bright stock grades for automotive, industrial, and marine lubricant blenders.

SN 150 (Group I)
SN 500 (Group I)
Bright Stock
Group II 100N/150N
Group III 4cSt/6cSt

End-uses: Engine oils, gear oils, hydraulic fluids, marine lubricants

Construction

Bitumen

Paving and industrial grades of bitumen for road construction, waterproofing, and roofing applications. Supplied in bulk vessel, drums, or ISO tanks across Asia, Middle East, and Africa.

Bitumen 60/70
Bitumen 80/100
Bitumen 40/50
VG-30 / VG-40
CRMB (Modified)
Cutback Bitumen

End-uses: Road paving, airport runways, waterproof membranes, roofing

Refinery By-product

Petroleum Coke

Green and calcined petroleum coke (petcoke) for aluminum smelting, electrode manufacturing, and power generation. One of the densest carbon sources in industrial use, with sulphur content ranging from 0.5% to 7%.

Green Petcoke (fuel grade)
Green Petcoke (anode grade)
Calcined Petcoke (CPC)
Shot Coke
Needle Coke

End-uses: Aluminum, steel, cement kilns, power generation

Industrial Chemical

Sulphur

Recovered sulphur from sour crude and gas processing. Traded in granular, prilled, and lump form — a critical raw material for fertilizer production via sulphuric acid and superphosphates.

Granular Sulphur (99.9% S)
Prilled Sulphur
Lump Sulphur
Liquid Sulphur
Bright Yellow Grade

End-uses: Fertilizers (DAP/MAP), sulphuric acid, rubber vulcanisation, pharmaceuticals

Waxes

Slack Wax & Paraffin

Slack wax and fully refined paraffin wax sourced from lube refinery operations. Used across packaging, candle manufacturing, rubber processing, and moisture-barrier coatings.

Slack Wax (low/high oil)
Semi-refined Paraffin
Fully Refined Paraffin
Microcrystalline Wax
Petrolatum / Vaseline

End-uses: Candles, packaging, rubber processing, cosmetics, waterproofing

Petrochemical Feedstock

Naphtha & Feedstocks

Light and heavy naphtha for steam cracking, catalytic reforming, and blending. A critical feedstock for ethylene, propylene, and aromatics (BTX) production across Asian and European petrochemical complexes.

Light Naphtha (C5–C6)
Heavy Naphtha (C7–C10)
Full-range Naphtha
Reformate
Condensate Splitter Naphtha

End-uses: Ethylene crackers, aromatics plants, gasoline blending, solvents

Supply Modes

Flexible Delivery

All oil products available in multiple packing and transport modes to match end-user requirements.

Bulk Vessel

Panamax to Handysize tankers

ISO Tanks

20–24kl containers, door-to-door

Flexi-bags

Cost-efficient for dry bulk

Drums & IBCs

200L drums, 1000L IBC pallets

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.