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.