The oil market is a global one, because crude and oil products can easily be stored and transported around the world and regional markets are closely interconnected.
Below a diagram of the oil industry value chain:
The Saras Group is one of Europe's leading independent oil refiners and over the years, it expanded its business with other activities including electricity production. Refining is a business based on the procurement of crude oil, which is then processed into refined products subsequently sold on international markets.
Global demand for oil products is the fundamental driver of the oil industry: a considerable portion of the world economy still relies on the consumption of oil products, both for industrial use and in transportation. Oil products are essential for world economic growth and in producing well-being.