Ravi Ramdas
President – Peninsula Energy, LLC
Mr. Ramdas has had a varied career domestically and internationally over the past 28 years with an emphasis on physical energy trading, supply, logistics, hedging, business development and asset management. Mr. Ramdas has worked for refiners, power companies, traders and asset owners.
Before starting his career in home town of Singapore Mr. Ramdas served in the Republic of Singapore Navy’s elite Underwater Demolition Team. After his service Mr. Ramdas went on to the University of Nottingham in England, graduating with an Honours degree in Economics & Agricultural Economics.
After graduation Mr. Ramdas returned to Singapore to start his career working for Shell, managing the diesel and jet fuel scheduling department handling over 200,000 barrels per day. The role included managing spot and time-chartered vessels, blending in offshore terminals and leading an experienced staff.
More than four years after joining Shell, Mr. Ramdas joined the Singapore office of the U.S. private firm Koch Industries where in coordination with Koch’s London office, he analyzed the Asian petrochemical and distillates markets to make proprietary trading recommendations.
After working for over six years in Singapore, Mr. Ramdas moved to Minneapolis, Minnesota where he started up the oil trading desk for NRG Energy’s nascent North American power trading group. After one year, Mr. Ramdas was promoted to head trading for all of NRG’s North American fuels overseeing natural gas, coal, emissions credits, as well as oil.
Mr. Ramdas was later recruited by Premcor Refining based in Old Greenwich, Connecticut, to head clean products (gasoline, diesel, jet fuel) trading for the newly acquired 180,000 barrel per day Delaware City refinery, which primarily fed the New York Harbor market via pipeline, barges and ships.
After the acquisition of Premcor by Valero, the largest independent refiner in the U.S., Mr. Ramdas joined Musket Corporation of Oklahoma City, Oklahoma, the trading arm of Love’s Travel Stops, the second largest truck-stop retail chain in the U.S. At Musket, Mr. Ramdas traded distillates in several U.S. and Canadian markets, purchased foreign feedstocks and blendstocks and managed Musket’s 2.5mm barrel tankage position in the Houston-area.
After three years at Musket, Mr. Ramdas founded Peninsula Energy, to provide advice on hedging, fuel supply, logistics and day-to-day management for trading companies, producers and airlines. In addition to consulting, Peninsula was an active shipper on various crude pipelines, managed the supply and offtake at a local refinery and was the managing partner of a start-up rail terminal in Chattanooga, Tennessee, unloading bio-fuels to local terminals via a proprietary pipeline and truck.
Mr. Ramdas was recruited by PBF Energy to establish an Oklahoma City office with the responsibility of sourcing and trading oil in the Rockies, primarily Bakken crude with the mandate to rail up to 100,000 barrels per day to the company’s Delaware City refinery. Mr. Ramdas was later promoted to start the diesel trading desk for the newly acquired 190,000 barrel per day Chalmette (New Orleans) refinery, working at the company’s headquarters in Parsippany, New Jersey.
In 2017 Mr. Ramdas joined the midstream company Bridger Logistics, a subsidiary of Ferrellgas, in a business development role with the mandate of putting idle assets to work, primarily rail cars and crude trailers, as well as increasing throughput at company LACT stations in Wyoming and Texas.
In late-2018 Mr. Ramdas rejoined Peninsula Energy to work on a variety of midstream and trading projects and in addition founded Rutland Energy to participate in the truck hauling space, primarily crude in west Texas.
In early-2020 Rutland Energy purchased the trucking company Liberty Fuel which hauls crude, chemicals and refined products in multiple states. After a hectic 18 months during Covid and (briefly) negative crude oil prices, Liberty Fuel was wound down in 2021 and Mr. Ramdas returned to Peninsula Energy.
