Vonoil uses global presence, market knowledge and top of the line logistics capabilities.

Crude oil is the world’s most actively traded physical commodity. Eighty-nine million barrels of crude oil are produced every day. The majority of crude oil is sold through long-term contracts between state oil producers and refiners. Freely-traded crude oil is estimated at around a third of the physical market.

• In the crude oil market, VONOIL uses global presence, market knowledge, and top of the line logistics capabilities for a number of initiatives. These include improving the balance of supply and demand and optimizing supply chains and services for our customers around the world. As global leaders, we source from private companies, exclusive production companies, oil majors, and national governments.

• We work with smaller producers that seek marketing expertise to help distribute their crude oil production globally. With our global reach, we help transport crude oil in trucks, trains, pipelines, barges, boats and tankers to refineries around the globe.

Vonoil prides itself on its long-term commercial relationships in this transaction-led market.

Motor gasoline is the most widely consumed refined petroleum product on the market.

• Gasoline accounts for 44% of the average crude oil barrel's yield. As a significant component of crude oil, gasoline prices track crude oil prices. Even so, both markets have very different characteristics.

• While crude oil is priced in a global market, gasoline markets are differentiated and more defined by regional and taxation policies. As a non-standard product, local regulators look for specific formulations while refineries adapt theirs to be in line with seasonal variations.

• VONOIL prides itself on its long-term commercial relationships in this transaction-led market. Our gasoline customers include oil majors, national oil companies, independent wholesalers, and retailers. We work closely with refineries in Latin America, the Caribbean, Europe, Central Asia and other international territories.

Vonoil is able to supply both sectors: power generation and ship bunker fuel.

• Global refineries produce around 8 million barrels of residual fuel oil every day as a by-product of their refining process.

• Around 4 million barrels of this oil is traded freely on the open market. Both affordable and abundant in resource, this workhorse fuel is the gasoline of the global economy. With two major uses being power generation and ship bunker fuel, VONOIL is able to supply both sectors.

• Over the last decade, this demand has declined overall, but regions remain where demand is resilient. Pakistan is one of the world’s largest consumers for energy-generating purposes, and Japan and China both use significant quantities of imported fuel oil to generate their power. Because fuel oil generally trades at a discount to crude, refiners seek to reduce their production amount in favor of refined products. As new and upgraded refineries produce less fuel oil these trends will constrain supply.

Vonoil is an industry knowledge expert and leader.

• Bolstered by legislation and aimed at removing Sulphur, Europe is the world’s largest market for automotive diesel. Nearly half of all diesel cars are bought in the continent and fifty percent of European cars now drive on diesel fuel, compared to five percent in the United States.

• European diesel demand far outweighs its local refining capacity. This shortfall has had far-reaching implications for refining economics worldwide. Europe has lost a significant portion of its refining capacity and inventories are declining though there are signs of recovery from previous industry stalls. The growing demand for gas oil in emerging economies, especially in the power sector, continues to divert international supply away from European markets.

• Jet fuel prices are also strengthening again after several years of decline and Civil passenger numbers have recently returned to their pre-recession levels. Airbus and Boeing are predicting 5% annual growth in passenger numbers until 2030. Both markets remain susceptible to environmental regulation meaning increased fuel efficiency will dampen demand. As a result, bio-fuels will increasingly factor in both diesel and jet fuel blends.

We source, trade and transport naphtha and condensates for use mainly by the petrochemical industry.

• Naphtha is a highly versatile commodity. It is an important input for the petrochemical industry. It is blended into gasoline. It’s also widely used as a diluent.

• We source, trade and transport naphtha and condensates for use mainly by the petrochemical industry.

• Refineries are the main naphtha suppliers. Most of the traded market in naphtha comes from less integrated refineries. The more integrated refineries both produce naphtha and use it as a input for petrochemical and gasoline uses.

• Geographically, the Middle East is by far the biggest source. The Mediterranean, India, Africa and South America are also net suppliers. The major consuming countries usually have substantial petrochemical interests. Japan, Korea and Taiwan are major importers.