US crude/condensates exports to Europe are rising in April as the continent pivots further away from Russian supplies. As exports to Europe rise, so too are volumes loaded onto larger tankers, possibly indicating the start of a longer term trend.
Russian crude oil exports are rising strongly in April, adding pressure on oil prices on top of China's Covid nightmare and SPR release. But a number of factors speak for a renewed tightening of markets.
In this insight we examine the diverging trends in the flows of Russia's flagship crude grade Urals, when loaded in the Baltics versus Black Sea.
Russian overall oil exports are on a declined path, while crude exports are stable. European resupply needs and volatility/risk are supporting freight rates, while so far we do not see unusual dark shipping activity.
Growing sanctions on Russia raise the question of re-supply to Europe. We take a look at the Middle East, which based on its size would be promissing, but flow trends suggest otherwise.
Russian oil exports are increasingly struggling, given the strong dependence on "unfriendly countries". IEA's call of 2.5-3mbd crude supply losses looks plausible but is at loggerheads with range-bound oil prices.
More Russian diesel may stay in European markets than initially thought, even though many buyers are staying away from cargoes for now. But key buyers are making up for this, limiting unusual outflows to Asia so far.
As the US and UK join a growing list of trading and refining companies in abandoning Russian oil barrels this week, the repercussions of an increasingly starved global oil market will deal a hard blow on Asia's economy.
Following the recent news of sanction placements as well as the oil and freight price behaviour over the past few days, we give a brief update on the fate of crude tanker markets, which looks ominous for shipowners.
Oil prices are set to rise strongly, as Russian supplies to the market are getting delayed or cancelled down the line. We try to give an overview on crucial factors for rebalanced the market in unchartered territory.
In this insight, we will drill into the details of export trends among the most important sweet crude producers for the global market.
Global crude liftings are falling short of meeting demand in spite of OPEC+ efforts, and the latest trend is furthermore going in the wrong direction.
Omicron: pre-emptive supply cuts & resilient demand draw stocks and lift prices
Total oil and gas seaborne departures rose to record highs in November. We investigate the main contributors and drivers behind the rise.
Within a month the oil market has been turned upside down. A wave of seaborne oil & gas supplies emerged in November, helping to cool prices already ahead of Omicron's appearance.
The Biden administration announced today a historical Strategic Petroleum Reserve (SPR) release, but rather than cooling oil prices it led to a spike, at least in the short term.
Asia’s imports of sweet crude oil are on track to rise sharply in November as the region’s refiners pivot buying activity, at least in part, to minimise elevated desulphurisation costs.
Seaborne crude oil supplies made a step higher in October and early November, as core OPEC+ suppliers hike exports. But this is not necessarily bearish as it exposes a lack of spare capacity.