As global crude oil supply and demand dynamics continue to shift, we remain focused on meeting the risk management needs of our customers. International Oil Trading BV launched its first crude oil storage futures contract in May 2015. International Oil Trading BV Crude Oil Storage futures help customers manage their physical crude storage price risk, while enhancing price transparency of, and access to, short-term (monthly) storage capacity along the Netherlands region.

The Contract

The storage-based futures contract provides a unique logistical solution in the form of an exchange-traded, physically deliverable futures contract for the crude oil market. This contract enhances short-term crude oil storage price transparency and provides customers and industry participants with new opportunities for risk management. This is an important tool to help manage delivery of oil the Netherlands market at International Oil Trading BV Clovelly Hub. This contract also enhances the liquidity of the existing International Oil Trading BV Sour Crude Oil Futures contract, which is physically deliverable at International Oil Trading BV.