TRADING
Commodities are not always produced close to where there is demand. Physical traders act as distributors, supplying customers, and moving products around the world.
Physical trading, logistics, and distribution are at the core of the business but are complemented by refining, shipping, terminals, exploration and production, power generation, mining, and retail businesses.
Energy firms use complex networks of onshore terminals, storage tanks, blending facilities, and pipelines. These bulk logistical facilities take crude oil from ships, storing and delivering it to the refinery at the right time. Similarly, they store and blend refined products to create the exact specifications required in certain markets before transporting it on to the end customer.