We procure comprehensive arrays of crude oil, petroleum products and petrochemical to meet diverse demands.
What We Do
Ocean Energy’s trading business focuses on crude oil, petroleum products, petrochemicals, LNG and metals.
We are based in Singapore, the leading oil trading hub in Asia and the third largest worldwide. This location benefits us with dynamic access to international energy sources. Ocean Energy’s team is meticulous in sourcing various key grades of commodities from a wide range of reliable suppliers worldwide. Aliasing with strong counterpart of oil majors’ network, we have gained a strong uphold of oil market with a trading volume of over 6 million metric tonnes and a turnover of more than USD 5 billion annually. The strong network, strategically located storage, and skilled logistics are translated into effectiveness of supply and value. Ocean Energy’s experience and understanding of the oil market enable us to implement a robust management framework against volatile situations.
CRUDE OIL
We partner with major oil companies and international trading houses to procure and supply the appropriate crude oil to meet the specific requirements of our clients. Sourcing crude oil from all over the world – including the Persian Gulf, West Africa, Latin America and the Far East – allows us to offer economical options at the best price points and value to our clients.
We also use derivative tools to trade, as opposed to trading in physical oil, thus minimizing price movements and mitigating price risks. Despite an uncertain market and fluctuations in oil prices, Ocean Energy has seen steady growth on a yearly basis.
Through the years, we have established counterparty relationships with an extensive network of reputable players in the energy market.
PETROCHEMICALS
Ocean Energy’s petrochemical business focuses on supplying a wide range of aromatics and olefin petrochemicals as well as gases heavily used in the midstream and downstream sectors of the oil industry. These products include asphalt, mixed aromatics, benzene, toluene, mixed xylene, MTBE, methanol and light cycle oil.
PETROLEUM PRODUCTS
One of the active players in the PLATTS MOPS pricing assessment, Ocean Energy has been registered on PLATTS to engage in trading with all major players for petroleum products like gasoil, jet fuel, mogas, fuel oil, naphtha, etc. Specializing in sourcing, procurement, pricing, transportation and distribution of daily-used fuels and energy, we have secured multiple term contracts for petroleum products with national oil companies.
We are also actively engaged in storage terminals in the Asia-Pacific region to optimize our cargo. By establishing long-term business relationships with reliable partners that adhere to international standards of operation, we provide value-added services to meet the demands of our regional end-users based in Vietnam, China, the Philippines, Korea, Indonesia and more.
LNG
Starting from 2022, Ocean Energy launched its LNG business to actively participate in the global energy transition. As a value-added partner, we continue moving LNG cargoes worldwide to clients in North Asia (e.g., China, South Korea and Japan), Latin America (e.g., Colombia) and Europe (e.g., France, the Netherlands) with a turnover of 1 billion U.S. dollars.
METAL
The metal team is involved in physical trading of non-ferrous metal materials, which contributes to the energy transition by meeting the needs of decarbonization. We also engage in financial trading of LME/INE/SHFE non-ferrous metals to manage the price risk of physical trading.
