GFI entered into the oil markets with its purchase of Starsupply in 2005, and developed its brokerage services in oil derivatives from its experience in broking natural gas derivatives in North America, Europe and Singapore. GFI's expansion into oil derivatives reflects its position as a leading global inter-dealer broker in multiple markets. GFI was ranked 'Top Oil Broker' in Energy Risk magazine's annual commodity rankings for 2008. 

North America

GFI's oil derivatives desk in New York brokers options on WTI crude oil, brent oil, heating oil, gasoline, and jet fuel. The style of options include American, European, and Asian options as wells as swaptions, calendar spread options, and crack spread options.

The Starsupply division of GFI Brokers LLC is a leading US broker of oil and related derivative and option contracts. Based in Englewood, New Jersey, Starsupply GFI brokers all physical oil products. These include products from unfinished oils, such as crude oil and refinery intermediates, to finished products such as gasoline, jet-fuel, heating-oil and petrochemicals. Starsupply also brokers oil product financial derivatives. These include swaps and options on crude oils and petroleum products. Starsupply offers intermediary services to commercial and financial institutions around the world including oil corporations, refiners, trading companies, investment banks, utilities and large end-users.

Europe 

In London GFI brokers crude and gas oil derivatives, including options. With desks also covering shipping, oil and forward freight agreements, clients benefit from our knowledge of these inter-related markets. Products traded include Brent TI, Swaps, Dubai, Gas Oil futures, crack spreads and swaps. 

Tokyo 

GFI Tokyo covers Dubai, Brent, Oman, Murban and other regional crude such as Tapis and Minas related derivatives for crude oil and physical Oman. Tokyo also covers oil product derivatives across the barrels. Forward freight agreements known as freight swaps are also covered mainly for wet freight.