Trading refined oil products refers to the global exchange of petroleum-based fuels that have been processed in refineries. These include gasoline, diesel, jet fuel, and heating oil. Traders buy and sell these products across international markets to meet industrial, commercial, and consumer demand.
Key points:
- Products are traded via spot contracts, futures, and long-term agreements.
- Major trading hubs include Singapore, Rotterdam, and New York Harbor.
- Prices are influenced by crude oil costs, refinery output, and geopolitical factors.
