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.
West African crude exports to China continue to decline in May, following multi-year lows in April.
Record diesel cracks have fostered supplies, visible in strong exports from Asia, the Middle East and the US. Also Russian diesel exports to Europe are stable at a high level. Accordingly markets are cooling and the focus shifts to gasoline and crude.
As the global diesel shortage rises, the world looks to Asia's spare refining capacity for additional supplies. In this insight, we assess how much relief Asia can realistically offer in the near-term.
Vortexa analyses flow developments in the Mediterranean, assessing the impact on freight rates and inferring on what lies ahead.
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.
Jacques Gabillon revealed as Vortexa's new Chairman, succeeding VAKT CEO Etienne Amic, and Energy Innovation Capital becomes a new investor as global growth surges.