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About Us


Founded in 2007, New York-based Axelrod Energy Projects provides services to the international energy and oil industries. Through its market knowledge and global network, AEP assists clients in expanding into new markets and helps them to capitalize on new opportunities. Services include: project development, cargo brokerage, and market consulting.

In keeping with the theme of facilitation and understanding, AEP organizes the World Fuel Oil Summit which is held annually in the Mediterranean.

For more information on AEP, please contact us.

Lawrence Axelrod

Lawrence Axelrod

Lawrence Axelrod is founder and principal of Axelrod Energy Projects (AEP). Mr. Axelrod’s activities span consulting, project development, and cargo brokerage. Mr. Axelrod created and edited the monthly publication Fuel Oil & Feedstock Trader, before overseeing its sale in May 2017. Mr. Axelrod organizes the annual World Fuel Oil Summit (held each year in the Mediterranean) and co-organizes the annual London bunker roundtable. Prior to launching Axelrod Energy Projects in 2007, Mr. Axelrod developed and headed the international fuel oil practice at Poten & Partners. Earlier in his career, he was a staff petroleum economist with W.J. Levy Consultants and a staff reporter for Petroleum Intelligence Weekly. He holds a PhD in political science from Columbia University, where his doctoral dissertation assessed the economic and political determinants of Saudi oil policy.

Jesse Axelrod

Jesse Axelrod

Jesse Axelrod is responsible for brokerage of physical oil and project development. Mr. Axelrod has negotiated deals between trading companies, refiners, bunker companies, and state oil companies. His product purview includes: crude oil, gasoil, fuel oil, straight-run fuel oil (SRFO), vacuum gasoil (VGO) and recycled oils. Mr. Axelrod developed cargo business into/out of the US, Caribbean, West Africa, the Mediterranean and FSU and is responsible for AEP’s expansion into domestic truck, rail, and barge business. Prior to his work as a broker, Mr. Axelrod researched and wrote for Fuel Oil & Feedstock Trader. Mr. Axelrod holds a BA from George Washington University and is an MBA candidate at NYU Stern School of Business.


Project Development

Project Development

Axelrod Energy Projects assists in developing energy-related projects. AEP introduces project partners and facilitates negotiations. Projects include long-term fuel and oil supply or offtake agreements, pre-financing agreements, product swap agreements, and the sale of new or used refining, power generation, storage, and shipping assets. AEP can bring strategic equity and debt financing to energy projects.


Cargo Brokerage

Axelrod Energy Projects provides physical brokerage services for regional and worldwide energy traders. AEP has experience handling and closing commercial transactions in crude oil, clean products, fuel oil, heavy feedstock and cutterstock on both a term and spot basis, delivered or FOB. We broker movements via ship, barge, rail, and truck.



Axelrod Energy Projects offers bespoke studies on commercial aspects of market segments of the oil trade including: supply, demand, sourcing, outlets, logistics, and pricing. AEP can assess market conditions surrounding a potential project or provide an overview of market dynamics and participants. AEP can consider retainer agreements on a case-by-case basis.

World Fuel Oil Summit XIII

Cyprus, 14-16 May 2020

An Examination of Trends and Opportunities in the World Fuel Oil Market

Supply | Demand | Price || Inland Usage | Bunker Fuel || Fuel Oil for Burning | Fuel Oil for Feedstock


World Fuel Oil Summit
Past Attending Companies

  • Aegean Oil
  • Aggreko
  • Aiteo Energy Resources
  • AOT Trading
  • Bakri International Energy
  • Bapco
  • BB Energy
  • BNP Paribas
  • BP Oil International
  • Cabot
  • Cepsa
  • Citigroup
  • Ecopetrol
  • Electricity Authority of Cyprus
  • Elinoil
  • Endesa SA
  • Enel Trade
  • ENI Trading & Shipping
  • ENOC
  • Equinor
  • Galaxy Energy International
  • Glencore
  • Gulf Petrochem
  • Gunvor International BV
  • Hellenic Petroleum
  • Holt Global
  • Houston Fuel Oil Terminal
  • InterTank Nordic
  • Island Oil Holdings
  • Inter Terminals
  • JP Morgan
  • Koch Supply and Trading
  • Kuwait Petroleum Corporation
  • Libyan Emirates Oil Refining
  • Litasco
  • Mabanaft International
  • Macquarie
  • Maersk Oil Trading
  • MAN Diesel
  • Mercuria Energy Group
  • Merrill Lynch Commodities
  • Mitsui
  • Monjasa
  • Morgan Stanley
  • Motiva
  • Motor Oil (Hellas)
  • Navalmex
  • Nordic Storage
  • Oiltanking
  • Opet Trade
  • Orim Energy
  • ORL
  • Ovlas Trading
  • Paz
  • Peninsula Petroleum
  • Penthol
  • Petro Summit
  • Petrobras
  • Petrocas
  • PetroChina
  • Petroineos
  • Phillips 66
  • Public Power Corporation
  • Quadrise Fuels International
  • Reliance Industries
  • Repsol
  • Risler
  • Rio Energy International
  • Rosneft
  • Royal Caribbean Cruise Lines
  • RWE
  • Saudi Aramco
  • Scandanavian Tank Storage
  • Shell Trading
  • Socar Trading
  • Société Africaine de Raffinage
  • Société Générale
  • Sonatrach
  • Sumitomo
  • Staatsolie
  • Tauber Oil
  • Trafigura
  • Tüpras
  • Turkish Petroleum International
  • Unipec
  • Valletta Bunkers
  • Vesta Terminals
  • Vilma
  • Vitol Trading
  • VTTI
  • Vopak
  • Wärtsilä
  • World Fuel Services

World Fuel Oil Summit XII

Corporate Sponsors

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Contact Us

Axelrod Energy Projects LLC

55 Fifth Avenue, 19th Floor
New York, NY 10003

T. 1-212-749-1902

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