Middle Distillates

Gunvor’s middle-distillates team is an active participant in the diesel, gasoil, and jet markets. As a result of the Group’s global presence, with traders in Singapore, Dubai, Geneva and Houston, the team has a local presence and strong global coverage.

As a result, the desk is able to spot the imbalances of middle-distillate products in the world, moving cargoes from surplus areas, typically the U.S. and East of Suez, to deficit areas, typically throughout Europe, South America and Africa.

The desk’s analysts and quants have developed models to help foresee these dislocations, providing a key strategic asset to help the desk to position its physical flows accordingly.

The strong presence and quality of Gunvor’s shipping team allows the traders to move products on any route with cargo sizes ranking from Flexi (20kt) up to Very Large Crude CarrierA Very Large Crude Carrier, or VLCC, is a classification of large tanker ships specially designed to transport crude oil. They are an integral part of the global maritime logistics... (“VLCC”) (250kt). The Group’s customer base and reputation as a trustworthy partner allow Gunvor to have access to suppliers and end-users, either via spot or long-term contracts.

This set-up is complemented by the Group’s access to storage, logistics and distribution in all key areas, namely New York, the ARA region and Singapore, as well as some strategic storage closer to the desk’s end users, like the UK, Spain, and Turkey.

The team is also managing all the middle-distillate international trading around the Group’s Rotterdam refinery activity and, to a smaller extent, the Ingolstadt refinery, working with the planning team to optimise the quality of the output according to the market needs and blending in-house product with outside components to produce finished product, or organising the supply of gasoil feedstocksFeedstocks are the raw materials that are processed in industrial operations to produce energy, fuels, and other chemical products. In the energy sector, feedstocks typically refer to the basic materials.... This also includes the supply of high sulphurSulphur, often spelled sulfur in the United States, is a chemical element with the symbol S and atomic number 16. Recognizable by its bright yellow color when in crystalline form,... and keroseneKerosene is a flammable hydrocarbon liquid commonly used as a fuel in aviation, as well as in heaters and lamps. It's a middle weight distillate between gasoline and diesel in... feedstock to the refinery and the marketing of the diesel products.