On the 29th October, the global Vortexa team came together to discuss the middle distillates market, taking stock of the market from both sides of the pond, from Europe to America.
Crude tanker freight markets remain a prisoner of challenging circumstances, even as the seasonally strongest quarter of the year is upon them.
As the US northeast (PADD 1) heads into the winter season, one factor on the minds of diesel market participants is will the change of seasons drive a change in flows?
How is clean products floating storage faring globally, and what regional dynamics can we see?
On 27 August, our US Analyst & Specialist team looked into the trends of the gasoline market in the US, the market reaction to the pandemic, and what recovery we can see coming in the second half of 2020.
The number of tankers used for crude and products floating storage activity around the world is down by 36% from two and a half months ago.
Singapore’s fuel oil floating storage inventories saw a 1.1mn mt drawdown over the last four weeks, reaching 4.2mn mt as of 17 August, the lowest since February. Read on to discover why.
Fuel oil floating storage became a key feature of the global oil market even before the more recent pandemic-driven explosion in offshore crude and clean products inventories.
Over the last twelve months, the number of supertankers used for floating storage and blending operations offshore Singapore has more than doubled, from around ten at the beginning of the year, to a current fleet of twenty three.