MAKING BUSINESS POSSIBLE For You

Oil is in demand all over the world being one of the most important energy sources and a key commodity that drives the global economy. It is worth noting that complexity of doing business on this market is not only in the variety of places where crude oil is extracted and where the energy is in demand, but also oil refining plays a significant role. Diesel has been one of the most sought-after products on the global market for a long time. The most widespread specification of diesel fuel is the European low sulfur standard – EN 590 10 ppm.

There is plethora of factors that impacting the price and making the market volatile. We in Confidant Pros have a wide network of contacts at all levels of the potential deal to serve our client as a reliable source of information and secure best propositions on the market.

Despite a quite similar acronyms, there is a certain difference between LPG (Liquefied Petroleum Gas) which is primarily consists of propane and butane, and LNG (Liquefied Natural Gas) which is mostly methane. LPG is a byproduct of natural gas processing and crude oil refining. LNG is produced by cooling natural gas to a liquid state for easier storage and transport. While both products are considered as a ‘green alternative’, LPG is commonly used for heating, cooking, and as fuel for certain vehicles, and LNG is primarily used for power generation and as a fuel for long-distance transport.

In terms of the regional insights, it is worth to note that Asia-Pacific is the largest market for both LNG/LPG products due to high demand in countries like China, India South Korea, while North America is increasing production and export capabilities.

As the global population and human consumption continue to rise, the agriculture industry presumes its vital role. Fertilizers are categorized into three types: N (Nitrogen), P (Phosphorus), and K (Potash), based on the essential nutrients required by crops.

Fertilizers manufacturing is associated with high natural gas costs, which is why a number of production facilities in Europe and the United States have closed and, on the contrary, appeared in developing countries, including the Middle East, Latin America and Asia. According to The International Fertilizer Association (IFA) data, in 2022, Latin and North America, East Asia and the EU were the largest consumers, while Southeast Asia, the USA and the EU were the key producers. The main imbalance of supply and demand is observed today in Latin America.

At Confidant Pros, we see our goal in bringing the product where it is in a strong demand by helping those who produce fertilizers and those who use it for the benefit of population meet each other in a dialogue and making business possible throughout all existing challenges in logistics, politics and finance.