Product Marketing

Like other sectors of the oil and gas business, the marketing and distribution of petroleum products takes place on a vast, global scale, reaching hundreds of thousands of retail outlets and, indirectly, billions of consumers. Refined product markets differ from crude oil markets: transactions are smaller in scale, and quality specifications are far more stringent, since off-spec product is a breach of contract or a regulatory violation. Because price differentials between grades and locations are constantly shifting, redistributing surpluses and deficits between regions is a core part of how we serve the market.