OIL PRODUCTS EXCHANGE
Our company provides exchange services for the purchase of fuels and lubricants on the St. Petersburg Commodity and Raw Materials Exchange and its further sale through LPDS.
At SPIMEX lots are sold at the following Russian LDSs:
- Volodarskaya (VLPDS),
- Solnechnogorskaya (SNA),
- Krasny Bor in the Leningrad Region
- Oil depot “Bryansk”,
- “Nikolskaya” in the Tambov region,
- Voronezh
- “Well” in the Voronezh region,
- Belgorod.
Advantages of working with us:
We will select for you the most advantageous offers for oil, gas, gasoline, diesel fuel and other hydrocarbons.
Define a long-term procurement and supply strategy.
Save your budget and time. We will ensure the security of transactions.
We guarantee a transparent and flexible pricing policy.
We provide intermediary services and ship through the exchange throughout the Russian Federation.
How the exchange works
World consumption of oil, gas and their products is growing exponentially. These are the main energy sources for today. But not every country has their natural reserves, therefore, export deliveries and quotations of oil are of key importance for the development of all countries.
Oil plays an important role not only in the energy sector, it is also a popular stock exchange instrument. The cost of oil and petroleum products is often critical to exchange rates.
1. Oil Exchange Exchanges set prices for crude oil, petroleum products and related products. Today, oil trading on the exchange is no longer a privilege of the elite, but an opportunity available to everyone, because trading is carried out online.
The parameters of the delivery product – quality, packaging, labeling, volume – are indicated in the framework of contracts in advance, before trading oil on the stock exchange. And the standard exchange contracts for the sale of raw materials include an indication of only the price and term of shipment.
Derivatives contracts for the supply of hydrocarbons – futures – are concluded on world and regional exchanges. The main ones are:
- London
- New York
- Singapore Tokyo
- Dubai
- in Russia – SPbMTSB (St. Petersburg) and the Moscow Exchange.
Petersburg Mercantile Exchange is the largest in the country. It organizes over 90% of purchases of hydrocarbons, forests, minerals in the Russian Federation. This is an open trading space that provides financial guarantees and market prices.
The exchange sets diesel prices, determining its wholesale price. The exchange also organizes AI-92/95 gas futures.
1.1 Exchange value of oil
The price of oil on the exchange depends on several factors. The price is not fixed and the same for everyone. It is affected by: the grade of oil, a certain month of delivery on the futures.
On the world stage, 2 oil varieties are most in demand: Brent (produced in the North Sea) and WTI (from the USA). In quotes, the world community focuses precisely on the cost of a barrel of this oil on the exchange. Such varieties are called marker.
At what exchange is Brent oil traded? In London, because it is a European variety. And WTI from the USA is listed on New York.
2. Exchange of liquefied gas
SPbMTSB in St. Petersburg also trades liquefied petroleum gases (LPG). The gas exchange section in St. Petersburg appeared in 2014. Now the share of LPG in the total supply is not more than 20%. The main gas supplier is PJSC Gazprom.
Gas is purchased on the exchange at prices that are set by the market method. The competitive pricing mechanism allows you to significantly save on the purchase of gas, because there is no calorie fee and enumeration fines on the exchange. Savings can be up to 10% compared to regular prices.
2.1 How to purchase gas on the commodity exchange
In order to buy gas on the exchange, it is necessary to conclude an exchange gas supply agreement in addition to the main exchange agreement. The purchase volume is set independently by the consumer, but should be a multiple of 100 thousand cubic meters. meters. According to the results of bidding, the consumer receives a report.
Exchange gas is purchased monthly; the buyer must determine the volume by the 10th day of the current month and make guarantee coverage (up to 5%), and delivery takes place the next.
3. Exchange Price Indices
Oil product price indices are based on contracts that are the result of exchange trading on the basis of refinery deliveries. Methods for calculating indices are transparent and are in the public domain.
Exchange indices of petroleum products are of the following types:
- Composite
- National
- Territorial.
- Regional
The total number of transactions that were conducted on the exchange during the trading period (contracts that changed owners) is the exchange volume. If it is large, it means that the interest of participants in a certain exchange product is high. Such a product is considered liquid.
