What we do
Every day, LET trades over 950,000 barrels of gasoline, more than twice the UK’s entire daily demand.
At any given time we will have between 50 and 100 gasoline tankers on the world’s oceans and we are a significant supplier of gasoline to the USA. We are experts in identifying added value and arbitrage opportunities and we aim to develop long term strategic relationships, either by supplying or by offtaking and often adapting to changing local specifications to ensure security of supply.
Where we do it
We operate, trade and participate in tenders in every producing country in the world. We own and lease extensive storage in Singapore, Fujairah (UAE), Houston, California, the Netherlands, Latvia, Argentina and Canada. We serve the requirements of refiners, state-owned oil companies and marketers in North and South America, Europe, the Middle East, Africa and the Far East – and are working hard to meet the growing needs of refineries and marketers in China and India. We have a growing number of partnerships in Russia and the former Soviet states. Our markets are global and include California, one of the most highly regulated gasoline markets in the world.
How we do it
In a non-commoditised market, where gasoline specifications differ according to state and country regulations and where change is increasingly driven by environmental concerns and a growing demand for low sulphur products, market intelligence really matters. Our experience, combined with our understanding of worldwide energy markets, gives us an in depth, real time awareness of the specific needs of end users. Our logistics reach and ability to act decisively wherever demand occurs means we’re able consistently to understand and meet those needs.