Innovation that Yields Value
Global Forces Converge to Drive Up Oil Prices
In the time it takes most people to read this sentence, the world will have used up
about 9,520 barrels of oil, an amazing 40,000 gallons per second. Last summer,
Mexico cut its supply to the the US by 15%; new car manufacturers are opening
plants overseas - hoping to sell millions of new units there annually. These
developments are emblematic of larger forces of supply and demand of fuel.
In its 2002 market analysis, Sovereign Group foresaw that Russia would surpass Saudi
Arabia as a top oil producer. That occurred in 2009. However, in 2007, Russia sold
147.5 million barrels of fuel to Canada which were then resold (with mark-up) to the
US. In that same year, Africa resold 194.9 million barrels of Russian oil to the US.
Together, these figures eclipse the 165 million barrels the US bought directly. Why is
the US lagging, deficient in its ability to access the most lucrative global market?
Solutions that Deliver Value
Sovereign Group arranged its first oil product supply contract from a refinery in the
Russian Federation in 2005. We understand the process necessary to access,
purchase, and ship product. Most importantly, we were innovative, securing and
maintaining the relationships and legal standing to access not only refineries, but
other sources inaccessible by most foreign entities. We do so safely, economically,
delivering value for our customers.
Global Access
Long term contracts for physical delivery are available
1900 Campus Commons Drive Suite 100 Reston, Virginia USA 20191
(703) 766-5790 voice - (703) 880-7018 eFax - Skype: sovgrp
1900 Campus Commons Drive Suite 100 Reston, Virginia USA 20191
(703) 766-5790 voice - (703) 880-7018 eFax - Skype: sovgrp
1900 Campus Commons Drive Suite 100 Reston, Virginia USA 20191
(703) 766-5790 voice - (703) 880-7018 eFax - Skype: sovgrp