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.
Portland aggregates stock from independent firms throughout Europe, and sells this on to obligated parties. We pay firms who have oil or fuel in storage at any time, simply to hold on to it. To find out whether you could be paid for your stock holding, contact Portland and we will be able to immediately evaluate your stock holding potential.