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Petrochemical
Petrochemical refers to a substance that is obtained by refining and/or processing petroleum or natural gas.
Read MoreOctane
Octane refers to a measurement of fuel stability. These ratings are based on the pressure at which a fuel will spontaneously combust in a testing engine.
For more information: Energy Information Administration <https://www.eia.gov/energyexplained/gasoline/octane-in-depth.php> Read MoreNaphtha
Naphtha refers to a variety of volatile, highly flammable liquid hydrocarbon mixtures used mainly as solvents and diluents, as well as the raw material for conversion to gasoline.
Reference: OECD <https://stats.oecd.org/glossary/detail.asp?ID=4614> Read MoreAromatics
Aromatics are a group of organic compounds that contain a benzene ring or exhibit similar chemical properties. They are widely used as key raw materials in the production of various products, including plastics, synthetic fibers, rubber, dyes, resins, solvents, and pharmaceuticals. Aromatics play a crucial role in the energy commodities trading sector as they are […] Read More
Vopak and Port of Antwerp-Bruges to sustainably redevelop former Gunvor site
Dutch tank storage company Vopak is acquiring the shares of Gunvor Petroleum Antwerp from commodity trader Gunvor Group Ltd (“Gunvor”), giving it access to the Gunvor concession in the Antwerp port area. Vopak is committed to sustainably redeveloping the site. For example, together with the Port of Antwerp-Bruges, the company will focus on joint development/implementation […]Differentials
Differentials refers to the difference between the amounts of two or more commodities.
Read MoreArbitrage
Arbitrage refers to the practice of taking advantage of price differences between two or more markets or exchanges in order to generate profits. It involves buying an asset at a lower price in one market and simultaneously selling it at a higher price in another market, exploiting the discrepancy in prices. In the energy commodities […] Read MoreEthics
Definition: Ethics refers to the set of moral principles or values that guide individuals or groups in determining what is right or wrong, good or bad, and acceptable or unacceptable behavior in a given context. In the energy commodities trading sector, ethics plays an important role in promoting transparency, fairness, and responsible business practices. References: […] Read MoreGlossary
This glossary is intended to provide a convenient means to understand terminology used on this website in the context of physical commodities trading. Some terms may have alternative and/or expanded definitions that may not be relevant here and thus not included. Sources provided are for reference and not intended to be an endorsement of the broader content on that website. Suggestions, questions, or corrections can be provided in the comment box on definition pages. Read MoreHome
Moving Energy Forward Gunvor creates logistics solutions that safely and efficiently move commodities from where they are sourced and stored to where they are demanded most. Moving Energy Forward Trading Offices Offices Oil Refinery Biofuels Midstream Moving energy from where it is sourced and stored to where it is demanded most Latest Media Since 2000, […] Read More