Analytics Vortexa



In Brief:

  • Spain took in 260,000 b/d of Libyan crude in Q2 2019, more than a 3-year high, according to Vortexa data, reaching close to 300,000 b/d on a monthly basis in April.                                                                                 
  • Libya took the top spot among Spain’s crude origins in Q2, moving ahead of other top suppliers Mexico and Nigeria, the Mideast Gulf and Russia/Kazakhstan (with smaller volumes from elsewhere).                                                
  • Out of Spain’s 2019 Libyan crude intake, top grades are Es Sider (35%), Sharara (20%), Brega (17%), and smaller amounts of other Libyan grades.                                                     
  • The Libyan increase comes with the Opec country’s rising output⁠⁠, leading to fiercer competition among regional competing grades. Spain also halted Iranian intake from October 2018 due to the renewal of sanctions.                                                 
  • Libyan crude exports hit a year-to-date high of over 1.2mn b/d in April, while July’s rate is expected to come below this. Spain’s Libyan inflows are seen around a preliminary 150,000 b/d in July. 


Sep 16, 2019

Vortexa Snapshot: Clean tankers divert away from Saudi ports

Vortexa data show at least two empty oil product tankers, initially booked to load diesel from Saudi ports in mid-to-late September, diverting away and now likely to load from UAE and India.

Sep 13, 2019

Vortexa Event Wrap: Arbs and Analytics

The Vortexa Arbs and Analytics event held in Singapore this week showcased a range of industry speakers who offered their insights into...

Aug 30, 2019

Vortexa Snapshot: US-origin VLSFO diverts to Fujairah

A rare export cargo of fuel oil from the US Atlantic coast (PADD1) is on course for discharge into Fujairah.

Our newsletter

Subscribe below to receive Vortexa news and updates