Tradition

The Refined Products desk specialises in OTC swaps, futures and physical pipeline:

• Nymex Heat and RBOB cracks, flat price and futures blocks*
• Gulf Coast Heat, Gasoline, ULSD and Jet basis, cracks and flat price
• LA Jet
• US to NWE distillate arbitrage
• Works closely with other oil desks (Fuel Oil, Crude, Options) providing comprehensive coverage and full-barrel views

*Futures execution via TFS Energy Futures LLC, Member NFA. Trading of  futures, securities, options and other derivative instruments entails significant risks which can result in substantial financial loss. Such risks should be fully understood prior to trading.