The Prax Group is a British multinational independent oil refining, storage, distribution and sales conglomerate dealing in crude oil, petroleum products and bio-fuels, headquartered in London. Our ability to deliver innovative customer solutions across the world has secured our reputation as a leading presence in the global oil market. Our mission is to conduct business responsibly, placing excellence, integrity and philanthropy at the heart of everything we do.
In a fragmented market where no single company has a dominant position, the Prax Group has a global presence, is actively involved in all of the major markets, and is one of the largest suppliers of petroleum products in the UK. Our marketing and supply teams closely track the price differentials between different grades of commodities, with the aim to identify arbitrage opportunities that makes it profitable to move shipments around the world and blend them when economically advantageous.
We acquire components with a view to blending them to cater to specific market demands. Components for the integrated supply and optimisation business are sourced from varied and disparate counterparties. Our physical integrated supply and optimisation business is underpinned by expertise in sourcing crude and petroleum products from different geographies and maintaining inventory stocks in tanks strategically situated around the globe. Our activities complement our downstream business division.
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