Since founding 20 years ago, this division has been a leader in the physical brokering of residual fuels.
Our established customer base of electric utilities, major oil trading houses and investment bankers gives United unparalleled insight into the fundamental price,
demand and supply changes of the Residual fuels market.
Whether facilitating the delivery of a 300,000 barrel international or domestic cargo to an Electric utility customer, or structuring a sale or exchange of domestic
cargoes or barges between traders or oil industry majors, our experience, reputation and professionalism is evident.
The Residual fuels division is an innovative leader, bringing new brokerage risk management tools to the industry.
We were instrumental in initiating a "paper market" by introducing a standardized residual fuels contract to the market and then helping to establish the liquidity,
which is now evident in a strong financially settled market. This paper market covers all aspects of residual fuels trading, allowing flexibility to hedge all important sulfur
specifications over short and long term calendar strips.
When combined with the strength of our crude oil derivatives division, our residual desk offers the market a powerful tool for cross product spreads, options and hedging opportunities.
Refined Products and Residual Contacts: