News & insights

Stay on top of the waterborne oil & gas industry with Vortexa. Our insights share expert information from energy market analysts across the globe.

May 24, 2022
Oil and Gas
US
Crude
China
West Africa
Diesel
Gasoline
Europe
Russia
Asia
Latin America/South America
Freight
PADD 5
PADD 3
PADD 1
Insight
refined products
refinery
insights
margins

Although global middle distillates have led refined product cracks for the last 2.5 months, increased supplies have prompted a downturn in diesel and jet cracks while gasoline cracks take the lead in the refinery margin complex on a global level. Refineries appear now to be shifting towards gasoline production and away from middle distillates. Given the healthy economics, global gasoline supplies are on the rise as seen in the Vortexa export data. 

May 19, 2022
Freight
US
Crude
China
West Africa
Europe
Russia
Asia
VLCC
Freight
Insight
insights
Suezmax

In this insight, Vortexa examines the current status-quo for VLCC rates, and provides an outlook of whether the repositioning to the Western hemisphere can prove to be supportive in the months to come.

May 18, 2022
Oil & Gas
Crude
China
West Africa
Europe
Angola
Russia
Asia
Middle Distillates
insights

West African crude exports to China continue to decline in May, following multi-year lows in April.

May 5, 2022
Oil and Gas
US
Crude
China
West Africa
Mideast Gulf
Iran
Russia
Insight
refinery
margins
Covid

As China's crude import appetite slows, crude producers are now competing for a smaller pie. Who will be the winners and losers in this race?

Apr 26, 2022
Oil and Gas
Crude
China
Europe
Russia
Insight
Sanctions
oil supply
oil demand
SPR

Russian crude oil exports are rising strongly in April, adding pressure on oil prices on top of China's Covid nightmare and SPR release. But a number of factors speak for a renewed tightening of markets.

Apr 19, 2022
Event Highlights
Fuel Oil
Crude
China
Diesel
Russia
STS
VLCC
Freight
OPEC
Event News
LNG

On the 19th April, Vortexa's Market Analysis team came together to discuss oil & gas market dynamics in an environment of unseen uncertainty.

Apr 12, 2022
Oil & Gas
Crude
China
Diesel
India
Europe
Baltic
Russia
Black Sea
VLCC
Freight
Aframax
Insight
refinery
Suezmax
oil supply

In this insight we examine the diverging trends in the flows of Russia's flagship crude grade Urals, when loaded in the Baltics versus Black Sea.

Apr 6, 2022
Oil and Gas
US
China
Europe
Jet Fuel
Asia
Middle East
South Korea
PADD 5
PADD 3
PADD 1
Insight
refinery
East of Suez

A jet fuel supply crunch in the US and Europe is drawing long-haul barrels from the East, but supplies are capped at a time when refiners are maximising diesel yields and entering into planned maintenance.

Mar 22, 2022
Event News
Webinar
Crude
China
Oil & Gas
CPP / Clean
Diesel
Russia
Naphtha
Freight
Event News
Tankers
refined products
refinery
inventories

In this webinar, Vortexa’s Lead Analyst, Serena Huang, China Market Analyst, Emma Li, and Lead Freight Analyst, Arthur Richier, discussed some new opportunities and trading strategies that have evolved as a result of this new oil regime.

Mar 10, 2022
Oil and Gas
Crude
China
Europe
Russia
Asia
VLCC
Freight
oil price
Insight
refinery
oil supply
oil demand
inventories

As the US and UK join a growing list of trading and refining companies in abandoning Russian oil barrels this week, the repercussions of an increasingly starved global oil market will deal a hard blow on Asia's economy.

Feb 9, 2022
Oil & Gas
US
Crude
China
Europe
Asia
Middle East
Americas
Insight
inventories

Global crude inventories are at one of the lowest levels historically after a significant draw last year. Will this trend continue or is an inflection coming?

Feb 8, 2022
Oil & Gas
Import
China
Gasoline
India
Asia
Insight
refined products
SE Asia
oil demand
Refining

The Omicron variant is sweeping through Asia fast and furious. How much impact has it had on Asia's oil demand so far?

Feb 2, 2022
Freight
China
CPP / Clean
Diesel
India
Gasoil
Freight
PADD 3
PADD 1
Insight
Tankers

Surging diesel prices have been at the forefront of market news in recent weeks. Can clean tanker markets benefit from this pricing trend?

Jan 25, 2022
Oil & Gas
Import
Crude
China
SPR
Refining
inventories
backwardation
outlook

Global crude liftings are falling short of meeting demand in spite of OPEC+ efforts, and the latest trend is furthermore going in the wrong direction.

Jan 12, 2022
Freight
Crude
China
Asia
Black Sea
Mediterranean
Freight
Aframax
Tankers
insights
Suezmax

Vortexa analyses flow developments in the Mediterranean, assessing the impact on freight rates and inferring on what lies ahead.

Jan 11, 2022
Oil & Gas
Import
Export
Crude
China
Oil & Gas
Diesel
Gasoline
Jet Fuel
Asia
refined products
insights

China issued the first batch of crude import and product export quotas to refiners this year at around 10% and 55% lower than last year’s respectively, signaling its commitment towards further consolidating the refining sector.

Nov 18, 2021
Oil & Gas
US
Crude
China
West Africa
Asia
oil price
refinery
Natural Gas
oil supply

Asia’s imports of sweet crude oil are on track to rise sharply in November as the region’s refiners pivot buying activity, at least in part, to minimise elevated desulphurisation costs.

Nov 2, 2021
Oil & Gas
Crude
China
Diesel
Floating Storage
refinery
Land storage

China is now facing yet another dilemma of a diesel supply shortage, as the global natural gas tightness and sky-high coal prices are driving factories to turn to diesel power generators amidst rising seasonal diesel demand from other sectors

Oct 7, 2021
Freight
LR2
Crude
China
CPP / Clean
Europe
VLCC
Freight
OPEC
MR tankers
Tonne-miles

As the world tries to shake off the pandemic, Vortexa looks at top-level tanker demand trends to understand how the Crude and CPP markets have fared compared to the pre-covid period, the previous quarter and what is in store for the future.

Oct 5, 2021
Oil & Gas
Crude
China
Europe
North Sea
Asia
VLCC
Floating Storage
Johan Sverdrup

Puzzling trends are emerging in the North Sea crude market with Forties cargoes increasingly seen offshore UK, yet at the same time Johan Svedrup flows to Asia are poised to rise.

Sep 30, 2021
Oil & Gas
China
Europe
Asia
Insight
LNG
Energy Crisis
Natural Gas

Unprecedented gas price surge in recent months has tilted United Kingdom into crisis mode, but the problem is spreading across Europe and the rest of the world.

Sep 29, 2021
Oil & Gas
Crude
China
UAE
Saudi Arabia
Asia
Middle East
Non-OPEC
OPEC

In this insight we explore the underlying trends for OPEC crude exports, highlighting the importance of Saudi Arabia and UAE in the producer group, and assess the impact of China's import activity.

Sep 23, 2021
Freight
LR2
Crude
China
West Africa
CPP / Clean
Diesel
Asia
VLCC
Freight
OPEC
MR tankers
LR1
East of Suez
Freight Rates
Decarbonisation

Having one eye set to analytical insights and the other on industry events, Vortexa provides a brief outlook on the shipping industry’s future. It seems that the tanker sector will need to surf high and wild waves, both in the short and the long term.

Sep 16, 2021
Oil & Gas
China
Diesel
Brazil
Gasoline
WAF
Transatlantic
Chile
STS
Latin America/South America
South Korea
PADD 3
mexico
refined products

Latin America has been a key importer of road transportation fuels in 2021. However fundamentals, seasonality and shipping indicators are signaling that the demand pull may be behind us.

Sep 15, 2021
Oil & Gas
China
Gasoline
Asia
Naphtha
South Korea
refined products

With the US driving season having come to an end, a pillar of support also breaks away for Asian gasoline cracks. But regional fundamentals and strong petchem operations are set to keep gasoline cracks supported.

Sep 15, 2021
Oil & Gas
China
Oil & Gas
Market Report

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?

Aug 19, 2021
Oil & Gas
US
Crude
China
Oil & Gas
Europe
Non-OPEC
OPEC
refinery
East of Suez

The WTI market is set for structural weakness as rising West of Suez demand is more than offset by drastic policy changes in China and rising Middle Eastern supplies.

Aug 18, 2021
Oil & Gas
Fuel Oil
Crude
China
West Africa
Oil & Gas
Diesel
Gasoline
Russia
Jet Fuel

China issued a third batch of crude import quotas last week, but limited quotas will keep crude imports subdued for the rest of the year, which is further reinforced by a soft domestic demand outlook and limited product export quotas.

Aug 11, 2021
Freight
Import
Crude
China
India
VLCC
Freight
Far East
Tonne-miles
SE Asia

China’s contribution to crude tonne-miles has dwindled year-to-date according to Vortexa freight data as the country continues to decrease crude imports. Other nations have stepped in to fill the void as our data shows.

Aug 10, 2021
Oil & Gas
Export
China
Oil & Gas
Asia
Video
Insight
refinery

As we witness global naphtha cracks continuing strength since the spring, we can see that seaborne naphtha imports carry on their impressive recovery. Strong flows are expected to continue on the back of firm petrochemical demand East of Suez and European gasoline blending.

Jul 29, 2021
Oil & Gas
China
Oil & Gas
Australia
Diesel
Asia
VLCC
Freight
South Korea
Insight

Asia’s diesel/gasoil exporters are facing growing headwinds in moving barrels to the West. Despite the challenges, Asia's diesel/gasoil balances have been moderated by three key drivers – China’s slowing exports, robust regional demand and newbuild VLCC arbitrage – maintaining regional cracks stable.

Jul 14, 2021
Oil & Gas
Crude
China
Oil & Gas
Diesel
Gasoline
Russia
Jet Fuel
OPEC
Insight

A series of domestic policy changes and market headwinds in recent months has upended China’s refining industry, putting a tight lid on the country’s crude imports and product exports. Vortexa sheds light on evolving trends in the country's crude imports and product exports.

Jun 15, 2021
Oil & Gas
Venezuela
Crude
China
Freight
Insight
APAC
tax

A flood of diluted bitumen cargoes has rapidly filled up storage tanks in Shandong, as traders and refiners scrambled to offload the cargoes before the consumption tax on diluted bitumen imports kicked in on 12 June. With this new tax in place, independent refiners are expected to cut back on diluted bitumen and raise Malaysian crude blends and fuel oil imports to meet their feedstocks requirements.

Jun 2, 2021
Oil & Gas
China
Diesel
Gasoline
Freight
South Korea
Insight
APAC
tax

China’s new consumption tax on imports of mixed aromatics and light cycle oil (LCO) is about to turn the tides of its domestic supply and exports of gasoline and diesel/gasoil. Downside risks on MR tanker demand looms ahead.

May 6, 2021
OIl & Gas
Crude
China
Diesel
Insight
refinery

China's crude imports have slowed in April. A rebound in Q3 is faced with headwinds as refiners look to draw down their stockpiles amid elevated crude prices.

Apr 15, 2021
OIl & Gas
US
Crude
China
India
Med
Latin America/South America
Freight
refinery

Vortexa outlines how global crude imports show a slow recovery for refiners.

Apr 7, 2021
Freight
Crude
China
CPP / Clean
Diesel
Europe
Houston
Middle East
Rotterdam
VLCC
Freight
Singapore
Floating Storage
PADD 3
Insight
Tankers
Vessel Availability

Explore Q1 2021 freight market update based on Vortexa data.

Feb 3, 2021
Oil & Gas
US
China
Oil & Gas
Asia
Naphtha
LPG
Insight

The cold snap in North Asia ensured steady LPG export demand throughout January even as US propane prices reached their highest levels in over two years.

Jan 27, 2021
Oil & Gas
US
Crude
China
Oil & Gas
Russia
Asia
Infographic
OPEC
Insight

What are some of the key crude arbs to watch in 2021? We highlight three crucial flows that will influence global oil markets this year.

Jan 21, 2021
Oil & Gas
China
Oil & Gas
Infographic
Insight
LNG

China's LNG imports have soared to record levels as a cold snap sweeps through the country. But a slow down in purchases have been seen in recent weeks, as importers turn away from sky-high premiums.

Dec 16, 2020
Freight
Crude
China
CPP / Clean
Diesel
Europe
Houston
Middle East
Rotterdam
VLCC
Freight
Singapore
Floating Storage
PADD 3
Insight
Tankers
Vessel Availability

Explore freight markets forecast for 2021 based on Vortexa data.

Dec 4, 2020
Oil & Gas
Crude
China
Oil & Gas
CPP / Clean
Diesel
Gasoline
Europe
Jet Fuel
Freight
Floating Storage
Insight

Floating storage told the story of the extraordinary moves in oil demand and supply in 2020.

Nov 24, 2020
Oil & Gas
Fuel Oil
China
Oil & Gas
DPP
South Korea
Singapore
Insight
APAC

Singapore’s fuel oil market has reached one of its tightest periods so far this year amid on and offshore inventory draws.

Nov 16, 2020
Event News
Webinar
US
Crude
China
Oil & Gas
Iran
OPEC
Event News

On 16th November, our Americas Analyst and Product Specialist team reviewed what the potential impact of the incoming Biden administration and 117th Congress will have on the global oil markets. 

Nov 12, 2020
Oil & Gas
Crude
China
Oil & Gas
CPP / Clean
Australia
Diesel
Gasoline
India
South Korea
Insight
APAC
refined products

Australia’s refining sector has been dealt another blow by BP’s recent announcement to shut its Kwinana refinery in Western Australia, and convert it into an import terminal by early next year.

Oct 20, 2020
Oil & Gas
Crude
China
Oil & Gas
CPP / Clean
Australia
Diesel
Gasoline
India
South Korea
Insight
APAC
refined products

Australia’s Lytton and Geelong refineries are being threatened with permanent shutdown as the compounding impact of the pandemic on oil demand drags on. We postulate the changes on crude and refined products flows if the refineries shut.

Sep 9, 2020
Oil & Gas
US
Crude
China
Oil & Gas
Asia
Freight
PADD 3
Insight

US crude loadings to China are en course to reach a 4-month high in September, as more bookings emerge along the route for October.

Jul 14, 2020
Oil & Gas
Event
Fuel For Thought
Webinar
US
China
Oil & Gas
Americas

On 14 July 2020, we held a webinar discussing the dynamics of US crude exports to China and what predictions we can make from the data. Watch on demand now.

Jul 2, 2020
Oil & Gas
US
China
Oil & Gas
Asia
Americas
Corpus Christi

Crude exports from the US port of Corpus Christi have dominated Houston's exports in the past ten months on the back of increased connectivity to the Permian and Eagle Ford basins.

Apr 16, 2020
China
Oil & Gas
Asia
Floating Storage
Feb 13, 2020
Market Report
Crude
China
Oil & Gas
Market Report
APAC

Crude volumes heading to China in week 6 (w/e 9 February) held relatively steady amid limited on-the-water diversions. Vortexa also observed higher middle distillate and gasoline exports, as well as LPG diversions.

Dec 2, 2019
Market Report
China
Oil & Gas
Market Report
APAC

China’s seasonally high refinery runs and the recent start-up of its two new mega-refineries is reflected in its strong November clean refined products exports.

Nov 15, 2019
Market Report
Crude
China
Oil & Gas
Market Report
APAC

China’s seaborne crude imports are poised to maintain their momentum in November, Vortexa data show, after touching a multi-year high of over 10mn b/d in October.

Oct 24, 2019
Venezuela
Crude
China
Oil & Gas
Asia
Latin America/South America
Sep 4, 2019
Market Report
China
Oil & Gas
CPP / Clean
Market Report
APAC

China’s growing refined product exports—mainly gasoline, jet/kero and diesel types—have kept the regional market across Asia well-supplied this year.

Aug 7, 2019
China
Oil & Gas
CPP / Clean
Gasoline
Asia
Aug 2, 2019
Market Report
Crude
China
Oil & Gas
Saudi Arabia
Russia
Market Report

China's crude imports from Saudi Arabia surges by nearly 45% year-on-year to 1.55mn b/d in the first seven months of this year, Vortexa data shows.

Oct 31, 2018
Crude
China
Oil & Gas
Mediterranean
Jul 11, 2018
Oil & Gas
Crude
China
Asia
Americas
Canada
Insight

May 2, 2018
China
Oil & Gas
Europe
Jet Fuel
Apr 11, 2018
US
China
Oil & Gas
Gasoline
CNPC
Americas
Mar 28, 2018
Import
China
Oil & Gas
CPP / Clean
Mideast Gulf
Feb 13, 2018
Crude
China
West Africa
Oil & Gas

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