GFI opens Singapore biofuel desk

Inter-dealer broker GFI has opened a physical biofuel broking desk in Singapore. The new desk is a response to the continued growth in global demand for green energy products, and will be overseen by experienced GFI broker Jeremy Searle.

Searle is managing director of oil for GFI in Asia and reports to Jurgen Breuer, GFI’s head of Asia. “GFI has a good record in helping new markets develop and we intend to continue this with biofuel,” says Searle. “Given GFI’s experience in the related Asian oil and freight markets, we are also looking at offering biodiesel swaps, physical freight and freight swaps.”