Oil Products Exchange (St. Petersburg, Russia)

Petroleum products are recognized as products that are obtained during the processing of oil. They are created by distillation of this raw material, from which fractions separated by limits of boiling are separated by distillation.

The market of oil products can be divided into the market of light petroleum products, which includes gasoline, diesel fuel, and the market of dark oil products: bitumen, fuel oil, oil and others.

Petroleum products buyers are oil trading companies, networks of gas stations. And exchanges act as intermediaries, where trades are carried out in the most convenient ways for companies, as well as settlements and deliveries.

The largest exchanges in the world

The bulk of oil products trading in the world is carried out on the following exchanges:
- The New York Commodity Exchange (NYMEX) is an American stock exchange, established in 1872 and ranking first in the world for oil futures trading.
- The London International Petroleum Exchange (ICE, formerly IPE) is an exchange founded in 1980.
- Singapore Exchange SGX, established in 1999 after the merger of the Singapore Stock Exchange and the Singapore Currency Exchange. This exchange is computerized, where trades are carried out exclusively in electronic format.

Exchanges in Russia

Compared to world leaders, Russian stock exchanges are very young, but at the same time gaining momentum. The main trades are carried out by two exchanges:

• Stock exchange of oil products St. Petersburg (SPbMTSB).
• Moscow Interbank Currency Exchange (MICEX).

Their main task is to organize the market of goods with the most simplified mechanism for forming the price of oil, oil products and other raw materials produced in Russia. The largest exchange market in Russia, nevertheless, is the St. Petersburg Oil Products Exchange. Bidding, except for oil products, is carried out here with oil, gas, energy, timber and agricultural products.

The exchanges connect refiners and oil traders, who supply it to the fuel market of the state. All petroleum products sold on the exchange have a price, which is formed by demand and supply. However, most prices depend on the economic policies of states and the price policy of suppliers - traders.

Price in practice below the stock quotes can not be, although theoretically this possibility exists. The cost should be well known not only to companies directly related to petroleum products. In fact, all structures of state and commercial type are connected today with prices for gasoline, diesel fuel, kerosene and so on. Therefore, fluctuations in these prices in any case will have an impact on the company's activities, regardless of its ownership and scale.

Oil Products Exchange (St. Petersburg)

To date, this exchange is the largest oil products exchange in Russia. It was established in the first half of 2008, and on September 23, the first auction took place.

CJSC "RDK" implements clearing services for all bidders.
The founders of the exchange are companies, including RZD, VTB-Invest, Rosneft, Gazprom Neft, Transneft and others.

The petroleum products exchange SPbMTSB sells real goods and futures contracts. On the spot market, all the basic groups of oil products are sold. And in the futures contracts market futures trading is carried out.

Stock exchange of petroleum products St. Petersburg implements exchange and over-the-counter transactions. The main commodities on the exchange from raw materials produced in Russia and CIS countries are oil products. Bidding for other goods is also carried out by the petroleum products exchange of St. Petersburg. Calculation of railway tariffs and deliveries are held here as well as on other exchanges.

Indicators for 2014

At present, the turnover of Russian petroleum products on the exchange is about 95%. From 2011 to 2013, the total trading volume amounted to more than 915 billion rubles, and it increases every year. So, in 2013 the volume exceeded 13.5 million tons of oil products, and in 2014 it amounted to almost 17.5 million tons. In the futures market last year, trading volumes exceeded 3.5 billion rubles. The volume of gas trading in 2014 was over 521 million cubic meters.