Reports and Research

Stankevicius International 2021: Energy Product Trading Review

According to IEA, world oil markets are rebalancing after the Covid 19 crisis spurred an unprecedented collapse in demand in 2020, but they may never return to “normal”.

Rapid changes in behaviour from the pandemic and a stronger drive by governments towards a low-carbon future have caused a dramatic downward shift in expectations for oil demand over the next six years. This is forcing hard decisions on oil-producing countries and companies, which are reluctant to leave resources untapped or to install new capacity that would only sit idle. Could oil demand peak sooner than expected? Or is the world heading into a supply crunch? What will the implications be for the refining industry and trade flows?

In general commodity trading, private trading consulting firms battle the day to day trading with brokers and agents. Managing communications in trading deals in a pandemic is not an easy task.

Up till Q3 2021, Stankevicius International was commercializing Nigerian oil products and since Q4 2021, the company took a more focused approach towards Russian oil products via FOB Rotterdam.

FOB Rotterdam PLATTS prices have been showing slight volatility in the last 2 quarters going between $70 up to $110 per bbl.

Late in Q4 2021, Stankevicius International partnered up with a strong industry supplier from South Africa and has been offering petroleum products from Russia such as Jet A1 and Diesel.

Additionally, Stankevicius International gained new access points to Middle Eastern oil which is now available via Oman and other MENA countries.

For 2022, the company is looking to commercialize oil products for US and Asian markets.