Gulf Online Market to go live on Nov. 19 for heating oil customers.
Gulf Oil LP announced the launch of Gulf Online Market, the company’s new online trading platform.
The platform, which will go live on Wednesday, Nov. 19 for Gulf’s heating oil customers, was developed to address the increasing volatility of today’s petroleum market, with the objective of offering pricing programs that will give customers the lowest possible procurement costs on a daily basis.
The Gulf Online Market also provides customers with a convenient, timely and ‘accessible from anywhere’ portal with real time pricing throughout the day. Highlights include:
Prompt purchase contracts with a minimum volume of 7,500 gallons
Mobile access for live NYMEX related quotes with flexible volumes, forward fixed price values, and heat curve based forward contracts
Instant price savings offers to customers throughout the day
“We work very closely with our customers, and developed the Gulf Online Market proprietary platform with their input and their needs in mind,” said Walter Brickowski, senior vice president of unbranded marketing for Gulf Oil. “Now our customers will have the ability to manage and execute a variety of spot and forward risk management tools to fit their individual company needs, while ultimately saving money. It is a winning combination for all involved.”