OIL BROKERAGE'S EXPANSION UNDERSCORES ITS DEDICATION TO
DELIVERING EXCEPTIONAL SERVICE AND FOSTERING STRONG CLIENT
RELATIONSHIPS AS PART OF THE OTC GLOBAL HOLDINGS PORTFOLIO OF
COMPANIES.
LONDON and HOUSTON and NEW
YORK, June 18, 2024
/PRNewswire/ -- Oil Brokerage Ltd. (OB), a rapidly expanding
oil brokerage firm which is part of the OTC Global Holdings
portfolio, is pleased to announce the expansion of its offices into
Athens. This strategic move will
follow OB's successful debut at the Posidonia maritime exhibition,
further solidifying its commitment to growth and excellence in the
shipbroking industry.
OB's rise in shipbroking can be attributed to its CEO
James McNicol, who foresaw the
firm's potential two years ago. Recognizing the resilience of
shipping rates, James championed the expansion of OB's services to
encompass the four pillars of trading: physical oil trading, oil
derivatives, freight futures, and shipbroking. According to
McNicol, "Oil Brokerage will continue to innovative and adapt to
the ever-changing fundamentals of the oil and gas industry,
assuming leadership positions across the board and integrating
services which allow us to provide end-to-end solutions for our
clients."
The Athens office will mark a
significant milestone for OB's shipbroking division. With a focus
on sale and purchase of tankers, OB aims to tap into the Greek
community—a global powerhouse in ship ownership. "Our decision to
open an office in Athens this year
is pivotal as we move into the sale and purchase of tankers," said
Nick Mahoney, Head of Shipping at
Oil Brokerage. "Given that the Greek community includes some of the
largest ship owners in the world, it makes sense to be
geographically close to them. Our presence there allows us to
better serve our clients and strengthen our relationships within
this key market," he added.
Notably, OB's growth extends beyond shipping. The company has
recently opened larger offices in London, Singapore, Geneva and Dubai. These expansions encompass all product
lines, including Broker Physical Products and Derivatives, Physical
Freight and Freight Derivatives, as well as Cross Barrel (Crude,
Fuel Oil, Middle Distillate, Gasoline, Naphtha, LPG, etc.).
"Our growth on other desks and throughout the OTC Global
Holdings portfolio of companies has been driven by our ability to
add value to our customers by understanding their needs and
delivering services that meet those needs," said Joe Kelly, Co-CEO and President of OTC Global
Holdings. "In a constantly evolving landscape, our lateral
thinking, our proactive approach to service delivery and our
ability to offer end-to-end trade solutions differentiate us from
our competitors," Kelly concluded.
About Oil Brokerage Ltd.
OB Oil Brokerage is a leading oil brokerage firm offering a full
range of services, including trading, physical oil trading, oil
derivatives, freight futures, and shipbroking. OB's worldwide reach
includes representation in all major global trading hubs including
physical presence in London,
New York, Houston, Singapore, Dubai, and Geneva. Leveraging OTCGH's extensive network
and expertise to expand operations into new territories, Oil
Brokerage has consolidated its leadership in Europe, Asia,
West Africa, the Arab Gulf, and
North America.
About OTC Global Holdings
OTCGH is the world's largest independent institutional broker of
commodities, covering financial and physical instruments from
offices in Chicago, Dubai, Houston, London, Louisville, New
Jersey, New York, and
Singapore. OTCGH has been awarded
5x "Broker of the Year" by Energy Risk. With a portfolio of nearly
20 companies, OTCGH is a liquidity provider for CBOT, ICE, NYMEX,
and NODAL. The company serves more than 450 institutional clients,
including over 70 members of the Global Fortune 500, and transacts
in hundreds of different commodity delivery points in Asia, Europe
and the Americas.
Visit otcgh.com to learn more or watch a short video here:
https://vimeo.com/718433168
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