Vortexa outlines how global crude imports show a slow recovery for refiners.
Explore Q1 2021 freight market update based on Vortexa data.
A breakdown of the impact on oil, freight and flows in the aftermath of the Suez Canal blockage.
Our 'On the road to recovery: Asia's crude and products trade flows in 2021' webinar was hosted by Vortexa Lead Market Analyst, Serena Huang and Product Specialist, Teo Rui Jie on 16 March, who together discussed the outlook for Asia's trade flows and freight markets.
The VLCC market share of Johan Sverdrup volumes continues to increase at the expense of Aframax and Suezmax tanker segments, highlighting the demand for longer-haul routes.
Vortexa CEO Fabio Kuhn joined Bloomberg's IP Week panel discussion to discuss what demand recovery might look like across the commodities ecosystem in 2021, alongside leaders from Vitol, VARO Energy, and JP Morgan.
Australia's Altona refinery closure is expected to raise the country's refined product imports, with supplies from Exxonmobil's Singapore refineries. MR tanker freight rates to receive support from additional demand for the route.
We put the spotlight on the key US crude and product net flows to watch.
From the 26-28 January, Vortexa partnered with Argus to present at the Argus Crude Live online conference, alongside industry leaders.
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.
More CPC Blend could be sailing to Asia in Q1 2021 driven by demand weakness in Europe and tightening UAE crude supplies to Asian refiners
A cargo of Libyan crude is heading to PADD 5 for the first time in almost a year.
Explore freight markets forecast for 2021 based on Vortexa data.
Floating storage told the story of the extraordinary moves in oil demand and supply in 2020.
Discover the key benefits of Vortexa's new net flows screen with an Infographic on US Gulf coast crude flows.
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.
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.
This report brings together Windward intelligence and Vortexa data on maritime risk factors, dark movements, vessel specifics and cargo flows in a case study examining the risk posed to the global maritime fleet of association with the Venezuelan oil trade.
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.
Crude tanker freight markets remain a prisoner of challenging circumstances, even as the seasonally strongest quarter of the year is upon them.
The effects of Hurricane Laura, which made landfall on the US Gulf coast on 27 August, continue to be felt in the flows of energy commodities out of facilities in or near the path of the storm.
Persistently lower Black Sea crude loadings over July-September, compared to more buoyant export levels in the first half of the year, continue to weigh on the regional tanker market rates.
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.
US crude exports fell slightly month-on-month in August, but are still up 20% from last year.
Utilisation rates for Very Large Crude Carriers (VLCC) fell to 44% in August, their lowest level this year following stymied global demand recovery for crude and a significant loss of cargoes compared to 2019 levels, according to Vortexa data.
Tightness in global heavy-sour crude markets has led to narrowing differentials for these grades against Brent in recent months, despite weaker demand sentiment in the overall crude complex in the wake of the pandemic.
North Sea crude exports have proven resilient among global buyers in the midst of the covid-19 pandemic, as firm demand in Asia has overcome freight rate spikes and weaker regional demand.
The failure of Opec and its non-Opec partners to extend joint production cuts from end-March, the subsequent deep reduction in Saudi Arabia’s official formula prices and pledges on the part of both Saudi Arabia and Russia to raise supply from April have kicked off a global battle for market share between the two nations.
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.
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.
Expected higher imports of Russian and US crude into Asia this month are set to provide a cushion against short-term disruption to Saudi Arabia’s light crude supply.
The rate of Saudi crude exports dropped sharply on 15-16 September compared with prior days, following the attack on the country’s Abqaiq crude processing facility and Khurais oil field on 14 September.
Australian heavy sweet crude grades, such as Pyrenees, Van Gigh and Wandoo, have been swooped up by the market ahead of IMO 2020.
A West African crude oil stream that will gain importance in the post-IMO-2020 world is Congolese Yombo crude.
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.
Liftings of the heavy sweet Doba crude from Chad, continue to be dominated by players who are processing the stream for use in the very low-sulphur fuel oil (VLSFO) bunker pool.