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  1. Home
  2. What we do
  3. Crude and refined products

Crude and refined products

We make sure energy keeps flowing by taking and moving crude oil from our production facilities and securing an optimized supply of crude oils to our refineries, to help create the products our customers need.
Rotterdam Refinery

Together with our fuel, aviation, retail & convenience business (C&P) and our oil and gas businesses (P&O and G&LCE), we maximize the value of bp’s hydrocarbon and bioenergy portfolios. 
 

  • We do this by providing flow assurance for bp production and refining assets - by ensuring the offtake and supply of crude and refined products, in a timely and optimized way.
  • We offer portfolio optimization and risk management solutions for bp assets and for our customers. 
  • And we maximize value for our shareholders by trading entrepreneurially.
     

We offer deep expertise in trading oil. bp’s experienced team of marketers, traders, logistics staff and analysts, offers a global perspective with local expertise to help identify and manage through changing market dynamics.  


bp’s refined products trading business is organized by key product lines: 

 

  • Global crude - trades all the different crude oil grades
  • Global distillates - trades both distillates (jet, kerosene, gasoil, diesel and distillate components) and residuals, including residual fuels and refinery feeds, namely mainly HSFO (high sulphur Fuel Oil), LSFO (low sulphur fuel oil), atmospheric residuals and VGO (vacuum gasoil)
  • The global lights team that trades LPG, naphtha and the numerous gasoline grades and components
     

We trade around 4 billion barrels of crude oil each year – roughly double the amount bp produces. This is enough to fuel over 100 million car trips around the equator.

Crude assays library

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Marine fuels

Marine fuels

bp marine's commitment to our customers is simple: to safely and consistently deliver quality marine fuels with outstanding levels of service throughout our network of strategically based ports.
Ocean

Natural gas liquids (NGL)

NGL has been a part of bp’s operations for over a century. We have developed a deep understanding of all facets of the NGL value chain, including production, processing, supply aggregation, trading, marketing, logistics, and risk management.
Ocean

Natural gas and liquified natural gas (LNG)

Natural gas has an important role to play in the energy transition now and for decades to come, alongside other energy sources and technologies.