Core Synergy LLC, also know known as Core®, is a privately held US company formed in 2009. Principally a logistics provider and international marketer of physical crude oil, Core also offers a spectrum of comprehensive value-add services to a select group of energy traders, producers, refiners, and sovereign oil companies. Core and its affiliates manage the transportation of hydrocarbons on oceangoing vessels ranging in size from Panamax to VLCC, offering cargo program optimization as well as operational and back-office support. Core advises its clients in the use of a variety of risk management techniques and marketing strategies to mitigate price and counterparty risk while capitalizing on market dislocations.

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  • Philosophy / Focus

    The defining business philosophy of Core® is to align itself with well-placed producers, refiners, and other market participants, where its services, expertise and integrated approach can be mutually beneficial. North and South American crude oil origination is a particular focus and are regions where Core has long established relationships and collaborations. Through specific partnerships in Asia, Core’s Asia focus is supported by real-time price discovery as well as an understanding of trade flows and the economics associated with those flows. These partnerships, coupled with Core’s acumen facilitate short and long-term offtake agreements and the creation of dependable outlets.

  • Transportation / Logistics

    Core® has transported over 1 billion barrels of physical crude oil while also managing through its affiliated companies over 20 oceangoing vessels in operation globally. Leveraging its team of maritime professionals, Core manages all aspects of the transportation of hydrocarbons on an around-the-clock basis. Core maintains relationships with key ship owners and ship brokers, facilitating access to the newest, most sophisticated shipping assets available. Uniquely, Core has developed expert industry leading ship-to-ship transfer capabilities as well as other solutions in strategic locations geared toward minimizing freight costs while maximizing opportunities for logistical arbitrage.

  • Risk Management

    The fundamental risk management approach which Core® employs minimizes exposures to market price risk and capitalizes on market opportunities on a limited risk, hedged basis. Core utilizes proprietary hedging tools as well as other techniques and the use of commodity futures, options, and OTC commodity derivatives to mitigate exposures. Through this risk management approach and the unique integration of its physical crude oil activity and the transportation of hydrocarbons, Core is able to take full advantage of inherent arbitrages and capitalize on opportunities through market dislocations.

    In addition to market price risks, Core assists its clients in mitigating exposures to counterparty risks by arranging for the transfer of such risks to financial institutions including commercial banks and insurance companies. Core maintains relations with first class, global commodity futures brokers, derivative market makers and financial institutions for the benefit of its clients.

  • ESG

    Core® recognizes and acknowledges the challenges that we all face and strives to be transparent, thoughtful, and strategic in our approach to environmental, social and corporate governance. As a company we give careful consideration to safety, sustainability, climate change, the environment and humans rights in all aspects of our business.

 

Core Synergy LLC

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