Crude Oil Market
In the crude oil market, we use our global presence, market knowledge and logistics capabilities to balance supply and demand, optimise supply chains and service the needs of our customers around the world.
We operate primarily as physical traders. We source oil from a variety of counterparties including public production companies, oil majors and national oil companies. We also provide distribution solutions for producers, and assist refineries by supplying tailored shipments and specialist financing.
Trafigura’s crude team has built strong technical capabilities. This, combined with our deep understanding of physical flows, allows us to identify complex technical issues and respond rapidly to changing market dynamics for non-standard crude oil opportunities.
We have continued to expand our US footprint. In addition to our longstanding blending hub in St James we now utilise our logistics based offering in Texas. This includes exclusive access to throughput from the Rio Bravo pipeline and the Corpus Christi terminal.
Store and Transport
These activities underpin a growing US domestic lease business. We deal on a regular basis with well over 50 local producers and have scope to continue to expand.
Globally, we store and transport in excess of a million of barrels of crude oil per day. We have a thriving business in Africa encompassing both significant exports and imports. In Asia, our volumes continue to grow and we are an active participant in both sweet and sour grade trading. This business is expected to expand as we continue to grow our assets in the region.
In Europe, we control tankage at strategic locations and supplement this with short- and long-term leases. We have access to long-term supplies of tradable oil streams and use this to further expand our relationships with regional refiners.