West African crude exports fell to a record low in August, underlying the acceleration of a structural decline that can be traced back to back to early 2020.
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.
Is the OPEC+ output increase considered glad tidings or a false hope for the VLCC market?
With OPEC+ going through a standoff concerning the future production policy, a spike in crude exports in early July raises eyebrows. We investigate how sustainable this development is likely to be.
A series of domestic policy changes and market headwinds in recent months has upended China’s refining industry, putting a tight lid on the country’s crude imports and product exports. Vortexa sheds light on evolving trends in the country's crude imports and product exports.
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.
What are some of the key crude arbs to watch in 2021? We highlight three crucial flows that will influence global oil markets this year.
A cargo of Libyan crude is heading to PADD 5 for the first time in almost a year.
On 16th November, our Americas Analyst and Product Specialist team reviewed what the potential impact of the incoming Biden administration and 117th Congress will have on the global oil markets.
The failure of Opec and its non-Opec partners to extend joint production cuts from end-March, the subsequent deep reduction in Saudi Arabia’s official formula prices and pledges on the part of both Saudi Arabia and Russia to raise supply from April have kicked off a global battle for market share between the two nations.