Portland CSO Trading1 Toft Green, York, Yorkshire, United Kingdom

Portland are the UK’s recognised experts on all things fuel. Set up in 2009, Portland began as a specialised hedging provider; ten years on, we offer a wide range of services aspect of the downstream fuel sector.

Portland CSO Trading covers the Compulsory Stock ticket market, whereby independent fuel stock-holders can be paid a reservation fee for any fuel kept in storage.

Every country in Europe is required to keep oil stocks to cover any shortages which could be caused by crises such as war or natural disasters. In the UK, the government has delegated responsibility for these stocks to the oil industry, rather than holding the stock itself.

Firms which sell large quantities of oil into the UK market are obligated to hold on to oil stocks, and many choose to pay for the rights to other firms’ stock rather than holding it themselves in storage facilities.