Calls on OPEC+ to raise crude supply faster than originally planned may not be the silver bullet some consuming nations expect as Vortexa data shows that OPEC+ sweet crude supplies are not keeping pace with sour barrels.
In this insight we explore the underlying trends for OPEC crude exports, highlighting the importance of Saudi Arabia and UAE in the producer group, and assess the impact of China's import activity.
The WTI market is set for structural weakness as rising West of Suez demand is more than offset by drastic policy changes in China and rising Middle Eastern supplies.
Vortexa looks deeply into oil shipments with strong visibility especially into the more opaque corners of the market to evaluate at the status quo of the oil demand recovery and evaluate if there is good reason for OPEC+ to be hesitant in unleashing oil supply onto the market.