Energy & Trading
We buy, blend, ship, store and deliver physical energy – and carry the price, credit and logistics risk that sits between each of those verbs.
The books
CRD
The core book. Term and spot barrels of diesel, jet, gasoline, naphtha and fuel oil, blended and delivered into inland European demand.
GAS
Pipeline gas and small-scale LNG optimised against TTF, THE and regional hubs, with storage and regas capacity under contract.
PWR
Route-to-market for renewable generators and structured supply for industrial offtakers, balanced across day-ahead and intraday.
BIO
Compliance and voluntary markets: HVO, FAME, UCO, bio-methane, EUAs and certificates – the transition side of the same barrel.
MTL
Selective non-ferrous and bulk cargoes where our logistics and credit lines create an edge rather than a distraction.
Market view
Brent crude
76.24USD/bbl
Indicative curves for illustration – not an offer, quote or benchmark
Operations
Term and spot supply from refiners, producers and state entities – contracted, pre-financed and quality-verified before a barrel moves.
Chartered vessels, barges, unit trains and a controlled truck fleet. One operations desk owns the cargo from load port to gate.
Contracted tank capacity at ARA, Mediterranean, Gulf and Asian hubs, with blending to local specification and independent inspection.
Every physical position is priced and hedged the day it is struck. Flat price is a decision, never an accident.
Delivered-duty-paid into depots, power plants, airports and industrial sites – with documentation, duty and emissions handled.
Logistics
We work across the Atlantic basin, the Gulf and Asia-Pacific, using tank, warehouse and freight capacity contracted per trade rather than owned. Where a cargo needs inspection, we prefer to be close enough to do it the same week.
Risk & governance
Every position is financed, hedged and limited before it is taken. We favour repeatable flows with counterparties we know over opportunistic volume with counterparties we do not.
Mark-to-market on every book, every day. Limits are hard, breaches are escalated within the hour, and no trader controls their own confirmation.
Counterparties are underwritten like borrowers: financials, ownership, sanctions and behaviour. Exposure is secured, insured or it does not exist.
Sanctions screening, origin verification and KYC run inside the trade workflow, not beside it. A cargo that cannot be documented is not lifted.
How we control risk
Deal capture, cargo operations, exposure and settlement sit on one record, so what operations see is what finance books.
Energy transition
Diesel keeps Europe's freight moving today; HVO, bio-methane, LNG and firmed renewables will carry a growing share of the same demand tomorrow. We trade and finance both, with the emissions intensity of every cargo calculated and reported alongside the invoice. Transition is a supply-chain problem before it is a slogan.
How we finance it
Inside the desk
Secure the barrel
Secure the barrel
Term and spot supply agreed with refiners and producers we have traded with for years, long before the cargo appears on screen.
Book the freight
Vessel, tankage and border clearance arranged cargo by cargo, so the route is chosen for the trade instead of inherited from an asset.
Deliver the spec
Blending, inspection and quality management at third-party terminals until the grade matches the contract, not the hope.
Close the position
Hedge lifted, invoice issued, exposure and settlement booked on the same record operations worked from.