Deal Desk
We hedge what we ship
OG's deal desk measures the price risk on the group's physical positions, manages it in listed markets, and invests the group's own capital passively in the stock and commodity markets, from Muscat.
- 01
Exposure Mapping
Every cargo, contract, and inventory position is mapped to its price exposure: commodity, quantity, and pricing period. The map is updated as shipments, specifications, and timing change, so the desk hedges what the group actually holds.
- 02
Hedging
We manage price exposure with listed futures, options, and exchange-traded funds. Each hedge is matched to a named position, sized against it, and unwound when the exposure closes.
- 03
Monitoring & Reporting
The hedged book is marked against the market several times a day and reported automatically to the people who run the trade. Hedges and the positions they cover are kept on separate books and reconciled daily, so every hedge can be traced to the exposure behind it.
- 04
Own Capital
Separately from its hedges, the group invests its own capital passively in the stock and commodity markets: listed instruments, held over the long term, on their own book. Positions are reviewed on a fixed schedule, not traded around the hedging programme, and no outside capital is managed.
How the desk operates
Discipline, proportion, transparency
- 01
Discipline
Every hedge has a named exposure behind it.
- 02
Proportion
Hedges are sized to the exposure they cover and adjusted as it changes.
- 03
Transparency
Positions, hedges, and results are reported on a fixed schedule, in figures the trade can reconcile.