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Oil

Oil purchasing experience

In such a changeable market the effective forecasting and purchasing of oil requires specialist expertise. eum’s dedicated oil buyers have a proven track record in working for some of the UK’s largest oil users, where small price changes make a very big difference to their profitability.

The “on-cost”

The purchase price of oil depends upon three main variables: spot price, duty and the amount added by the supplier to meet their costs and profits. We monitor the first two of these variables through the Platts and Argus indices, two of the world’s leading price reporting agencies. The last element, known as the “on-cost”, is open to negotiation but is only revealed to the buyer through knowledge of the first two.

Always buy at the best price

Once all elements of the price paid are revealed, the oil supply contracts arranged by eum result in significant savings for our customers. With our fixed on-cost contracts, customers can be sure they are always buying oil at the best possible price.

Invoice checking

Continuous monitoring of the invoices by eum ensures the supplier adheres to the terms of the contract correctly, for every delivery.

No saving – no charge.

 

   
 

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