Actively developing our presence in the Oil and Petroleum Products Market
Onex has seen steady growth as an independent trader of oil and petroleum products. Our proficiency is complemented by our extensive logistical and storage capacities in our operational regions.
Our Product Focus
-
Fuel oil, which is distilled from crude oil and often left as residue during the refining process. It is also known as heavy oil, marine fuel or furnace oil. In general terms, fuel oil is used to burn in a furnace or boiler for the generation of heat or used in an engine for the generation of power
-
Naphtha is any of various volatile, highly flammable liquid hydrocarbon mixtures, made from distilled petroleum.
-
A middle distillate and form of heating oil used primarily in internal combustion engines such as vehicles and trucks.
Sourcing
Our ultimate goal is to satisfy all spectrums of customers. Therefore, we are committed to sourcing our customer’s orders from the most reliable and sustainable resources
Delivering
Shipping is well established in our business model. Our managed fleet consists of Aframaxes, LRs and MRs to enable us to deliver products contineously in a safe manner.
Sorting
We store oil products in our tanks usually located in specified terminals suited to our customers.
Blending
We value our customers and their satisfaction is important to us. In order to meet our targeted customer specifications, we blend various crude oil qualities to reach the demanded viscosity and density cost effectively.
Providing Dependable Global Commodity Supplies
Thanks to our strategic alliances with major oil companies, we utilize their storage facilities and terminals, which allows us to store our trading cargoes effectively. These partnerships facilitate blending operations designed to meet our clients’ specific requirements.
Shipping in house
Our shipping expertise is integral to our trading business, enabling us to move energy around the world, safely and efficiently.
Onex’s Shipping and Chartering Division operates as a service provider securing competitive and reliable freight for our in-house trading team.
We have a fleet of 5 vessels, of which includes 3 LR2s recently delivered from Hyundai Heavy Industries.