Activities

The firm trades full-vessel parcels of crude oil and clean products on its own balance sheet, principal-to-principal, across the major East-West corridors.

On the crude side, Matrix supplies Indian and Chinese refineries, running both term offtake and active spot work in light sweet, medium sweet and medium sour grades. Cargoes are sourced from West African, Middle Eastern and Atlantic Basin producers, and placed against refiner programmes in India and the Chinese majors.

On the clean side, the firm moves EN590, gasoil and Jet A1 in volume. Standing spot offtake and back-to-back arrangements at key terminals worldwide give the desk consistent access to product, with particular depth in lifting out of Chinese export terminals into the Singapore complex, and onward into the NWE and ARA markets when the East-West arb opens. A parallel position runs in the Arabian Gulf and Fujairah, where Matrix is active across loadings, ship-to-ship transfers, and short-haul placement into India and East Africa.

Beyond the Asian flows, the firm is an active participant in the NWE and Mediterranean clean products markets. We run a continuous book in these basins, lifting from refiner and trader sellers, placing into European end-user demand, and rotating cargoes around freight, storage and crack volatility. Most of this work is done in full vessel parcels on a spot offtake basis.

The desk works against published benchmarks (Platts, Argus) under the standard suite of Incoterms.

Hong Kong is the base, and the only office. It sits between Chinese demand and the Singapore pricing complex, in a banking and legal jurisdiction of international standing. The choice was functional rather than symbolic, and it has held up.

Beyond that office, Matrix maintains active counterparty relationships and operational coverage across the Arabian Gulf, Fujairah, Singapore, the Chinese refining belt, and the NWE, ARA and Mediterranean clean products markets. The firm's footprint is measured by counterparty access and execution.

The structural position is bilateral. Matrix supplies into China, and Matrix lifts out of China. The firm delivers into refineries and exports derivatives as the spread dictates. We are comfortable on either side of the cargo. That flexibility is what defines the firm's position in the market.