As global diesel loadings rise amid lagging demand, we explore how the supportive factors in the physical diesel market are not enough to withstand the pressure of a product in oversupply.
Vortexa evaluates if the current large volumes of seaborne diesel on the water are a demand pull or a supply push from refineries as they max out gasoline production.
Despite encouraging LNG pricing fundamentals, freight rates could plateau on the back of thinning US exports, reduction in tonne-miles and an influx of LNG carrier tonnage.
Saudi Arabia's imports of dirty petroleum products are strengthening as the country gears up for peak summer demand.
Vortexa outlines how Latin American countries are increasing imports of crude and refined products whilst simultaneously exporting refined products into storage hubs, suggesting an oversupplied region.
Vortexa outlines how global crude imports show a slow recovery for refiners.
Vortexa outlines how the the peak in European gasoline loadings destined for the Atlantic Basin will slow and why.
Vortexa outlines how the decline in US fuel oil and dirty feedstocks exports has impacted buyers in Latin America, Caribbean and Asia.
Latin American diesel imports via ship-to-ship transfers (STS) off west Africa are on track to hit a multiyear high of around 230,000 mt in March, up from less than 90,000 mt in February.
US gasoline/blending components imports into its Atlantic coast (PADD 1) are set to fall to the lowest weekly total seen in months, for the DoE week ending 6 November.
The share of US marine fuels arriving into the global bunkering and storage hub Panama rose sharply in the first half of this year, following the shift to IMO-compliant marine fuels. This displaced previously dominant high sulphur fuel oil (HSFO) from South America, as we highlight in this article.
Brazil's latest seaborne refined products flows reflect the dampening of domestic road fuels demand in the wake of the Covid-19 pandemic. We take stock of the impact, and see in our data that lower gasoline demand pushed exports in May higher.