What we do

International Trading

In a fragmented market where no single company has a dominant position, the Prax Group is one of the world’s largest traders of petroleum products with a global presence and comprehensive coverage of all major markets.

Our marketing and trading teams closely track the price differentials between different grades of commodities, with the aim to identify arbitrage opportunities that makes it profitable 
to move shipments around the world and blend them when economically advantageous.

We acquire components with a view to blending them to cater to specific market demands. Components for the trading business are sourced from varied and disparate counterparties. Our physical trading business is underpinned by expertise in sourcing crude and petroleum products from different geographies and maintaining inventory stocks in tanks strategically situated around the globe. Our trading activities complement our downstream business division.

Trading ship docked
Financial trading

Financial Trading

Our highly experienced risk management team continues to use derivatives to minimise our exposure to market movements and also offers this service to customers. The provision of this service has helped us to develop closer relationships with counterparties whilst simultaneously increasing revenues.

Terminals

As part of a strategy that complements our trading business, we have acquired strategic storage assets, and we own and successfully operate oil terminals. We have made substantial investments in these assets and their systems to enhance productivity. The acquisition of further strategic storage assets is a key element of our strategy, which will provide us with the power to maximise market movements and exploit arbitrage opportunities, and will provide synergies between our trading and downstream divisions.

Prax Tanker
Harvest Energy logo

Middle & Downstream Divisions

The Group has invested in middle and downstream businesses – Aviation, Marine, Logistics, Commercial and Retail and these divisions operate under the Harvest Energy brand. For more information on our downstream marketing and distribution businesses, which operate under the Harvest Energy brand, please click here.