Vahag Avedesyan Chief Operation Officer at AV-KASK, LLC explains Oil Trading

The market for the crude oil and fuel products is dominated by traders said Mr. Avedesyan.
 
Feb. 14, 2015 - PRLog -- The market for the crude oil and fuel products is dominated by traders said Mr. Avedesyan. At the core of the trading process are the major oil companies, who purchase crude oil for their own refineries. These traders are also responsible for the marketing of the oil products being produced at the refineries. In recent years, the independent trading houses have increased their presence in this market.

Both traders from oil companies as well as the independent traders use the many facilities for example the port of Rotterdam.

Our traders Avedesyan added are responsible for the flow of raw materials such as crude oil to the port of Rotterdam and for the sales and marketing of refined oil products, or fuel products. Structural shortages (of, for instance, diesel and jet fuel) and surpluses - of gasoline for instance - in Europe are a second flow of goods that is transferred through the port. These two flows are fairly captive. More volatile is the third flow of goods, which is a result of price differences in time and between regions. A fourth flow is primarily incidental and caused by sudden movements in the marketplace. In all of these cases, traders play a leading role.

Av-Kask is always looking for options to increase the value of the products they trade. These options relate to time, location, quality and lot sizes. Logistics is an important factor to achieve this optionality. Logistics facilities can be used to store the product until delivery, to blend several products up to the specification of the customer and to make bulk (smaller lot sizes from barges and small tankers into a VLCC) or break bulk.

The trade of fuel products strongly depends on accurate and timely product price information. The higher the traded volumes, the better the published price reflects the sentiment of the market. For several products, the liquidity - the traded volume - in Rotterdam is very high. Therefore, for these specific products, Rotterdam is the price benchmark location in Northwestern Europe.

Av-Kask is the first fuel trading firm in the Republic of Armenia said Mr. Avedesyan

Contact
artur Ketsoyan
***@av-kask.am
End
Email:***@av-kask.am Email Verified
Tags:Oil, Av-kask, Vahag Avedesyan, Armenia, Fuel
Industry:Energy, Financial
Location:Armenia
Subject:Companies
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