Commodities are not always produced close to where there is demand, this is how our group of companies work together to connect production and delivery. Physical traders act as distributors in order to supply their clients and move various products around the world. Most of the world’s oil is produced in the Middle East, with a strong demand held in Asia Pacific & Europe.
The balance between supply and demand in energy and commodity products can be affected by various factors. In the longer term, demand trends are driven by economic conditions, technological advances, logistics restrictions or changes in government policy. We are able to provide end to end solutions ensuring we maintain the commitments to our customers.
In the short term, weather or political uncertainty can affect the balance between demand and supply, which can leave commodities producers, processors or distributors with too much or not enough product. Physical commodity trading firms seek to identify and address short term market imbalances.
Our Products Hierarchy is stated below:
- Crude Oil
- Fuel Oil
- Heavy Fuel oil
- Vacuum Residue (VR) (high Viscosity 2000-6000 cSt)
- Liquefied Petroleum Gas (LPG)
The RANIA group is highly involved with local and international agencies for trading and transportation. A small list of our connections is mentioned below:
- IRAQI – Transporter Union
- IRAQI – American Chamber of Commerce and Industry (IACCI)
- Sulymanyiah Chamber of Commerce and Industry
- Ministry of Trade and Industry (KRG).