Vortexa shows diverging trends for crude arrivals heading to key Atlantic Basin buyers.
Atlantic Basin crude/condensate departures (including intra-country movements) totaled 21.2 mn b/d in April, the highest, albeit marginally, since May 2020.
LR tanker rates are rallying higher following a strong month of October-loading naphtha exports from the Mediterranean and the Mideast Gulf heading East, with the momentum set to continue in November.
We shine the spotlight on net flows of diesel and gasoline within the Mediterranean region.
Aframax tankers trading in the Mediterranean are entering a period with rates at multi-year lows, amid low cargo volumes and a build in surplus tonnage. We investigate the current state of the Aframax Mediterranean market and look to where it is heading through Vortexa data.