In this webinar, Vortexa’s Senior Freight Analyst Arthur Richier and Freight Analyst Ioannis Papadimitriou deep-dive into whether optimism for recovery is well-placed, or if market fundamentals are likely to falter and the carefully stacked house of cards is likely to topple.
OPEC+ crude exports strongly disappoint with the exception only of Saudi Arabia and the UAE. On products, lofty prices are inciting spikes in flows, but available volumes may not be enough.
China’s crude trade flows continue falling trend as crude imports from the Middle East & Africa diverge, while crude imports from Americas & North Sea ease. At the same time, clean product imports and fuel oil imports are falling and trending lower as typhoon disruptions further dampen arrivals. Can China turn things around?