The global diesel market is tight and refinery supplies are struggling to keep up with rising demand, leading to a draw on inventories across key storage hubs.
Fuel oil exports from Russia and other Former Soviet Union nations (FSU) are on track for a weak October, as ongoing refinery maintenance work continues to weigh on production and limits flows to key importers Netherlands, the US and Asia.
Vortexa shows diverging trends for crude arrivals heading to key Atlantic Basin buyers.
On the 27th May, Product Specialist Amy Lees and Machine Learning Engineer Christos Hadjinikolis analysed the quality of crude imported into the ARA region, a key refining hub in Northwest Europe, using Vortexa’s Software Development Kit (SDK). This blog investigates further into their methodology.
European diesel/gasoil exports to PADD 1 in February are set to approach record highs seen in November amid tepid European demand and a cold snap in the US northeast.
Waterborne diesel and gasoil imports into the ARA region rose in June to their highest level since January 2018.