RacsoGroup Inc. is an energy trading company. RacsoGroup Inc. has directly entered the global market to go beyond simple import and export fields. Furthermore, we are building a platform which can execute production, trading, and marketing in earnest.
Racso Group Incpurchases crude oil and markets petroleum products used globally. It also does local trading of crude oil and petroleum products. Beyond simple importing and exporting, the company has established branchsoverseasand subsidieres in Africa, North & South Americas, Europe and Asia, to engage in business development, trading and marketing. Based on these global networks, the company effectively manages the entire trading process from selecting the optimal oil type to contracting, shipping, and payment.RacsoGroup Inc has established a differentiated global trading business model based on advanced risk management techniques. In addition, the company monitors the market on a real-time 24/7 basis to trade crude oil and petroleum products under the best terms and conditions. Going forward, RacsoGroup Incwillbroadenits business portfolio by expandingstrategic partnerships, while also utilizing market dynamics in order to secure business competitiveness to grow into a global trading company.
We trade or ship around 500,000 barrels of crude oil every day.
Our crude trading business has long-standing relationships with producers and refiners in every part of the world. We help the former to effectively market and distribute their daily production, and the latter to secure a reliable and consistent supply of the right quality crude at the right time.
We are transacting in over 100 different grades of crude oil in locations spread around the globe. We are active in all major centers where crude is produced, refined and traded, enabling our customers to benefit from critical intelligence and access to the most appropriate market. As a physical trader, we can deliver crude anywhere our customers require. We are one of the largest spot charterers of crude vessels and have a dedicated fleet of crude vessels of various sizes as well as access to storage on land around the world.
Partnering with producers
Our market-leading team combines specialist knowledge with global expertise. Over many years we have established long-term relationships with national oil companies, oil majors and independent producers. We use our expertise in managing transportation via pipeline, barge, train, truck and all sizes of vessel to efficiently and reliably transport crude to refiners worldwide.
When appropriate, our traders work alongside our finance and E&P teams to develop commercial structures which allow us to finance producers’ operations in return for offtake.
Working with refiners
Today, we have the capability of supplying over 1 million barrels per day of crude oil and feedstocks to the refining industry globally. We take the time to understand the specific requirements and preferences of refiners worldwide and have a long track record of consistently and reliably sourcing the right feedstock to meet our customers’ needs at the right time.
We currently have agreements with six refineries worldwide with a total refining capacity of 500,000 barrels per day.