Parnon Energy was incorporated in Texas and is the trading and marketing arm of the group’s U.S. operations. Trading uniquely in U.S. domestic crude, Parnon Energy has an unparalleled knowledge of the infrastructure of crude logistics, which, coupled with the storage facility under lease from its sister company, provides Parnon Energy with an exceptional understanding of the supply/demand dynamics of the world’s most important market sector for crude oil.

Quick Fact 2

Parnon Storage owns three-million barrels of crude storage situated at the Cushing terminal.