B.B. Energy has been one of the established players of fuel oil in the Mediterranean region since 1972. Currently, we are trading both high and low sulphur grades on a regular basis. In recent years, we have become increasingly active due to the higher sales in the East Mediterranean, where our main focus has been the low sulphur grade.
The trading opportunities have been further expanded through our term supplies in different areas from the Caribbean to the Far East, which in turn has directly increased our trading activity in the Fuel Oil worldwide areas.
As far as the Red Sea and Arab Gulf are concerned, B.B. Energy has often used these regions as swing supply and sale depending on arbitrage opportunities. These regions have also been the major source of supply for straight run fuel for B.B. Energy’s trading book.
In the Far East, the base of our operations is in Singapore which is the home to several export refineries and storage terminals, and whose market is the largest bunker market in the world.
The region has an overall shortage of fuel oil and we are working closely with the National and Major Oil Companies to meet their requirements, and to seek new opportunities to expand our business.