In this insight we shed light on the diverging trends emerging for crude and refined products loadings from OPEC+.
Europe has sucessfully made first steps in scaling back Russian oil imports and resupplying from other sources. But only about one third of the diesel challenge has been managed so far, already leading to record pricing. Global refining is severely constrained.
On the 19th April, Vortexa's Market Analysis team came together to discuss oil & gas market dynamics in an environment of unseen uncertainty.
Vortexa were proud to host the Energy Market Update 2022 this week, as a pre-IE Week celebration event to bring together industry leaders, held in a hidden venue in Mayfair, London.
In this insight, we will drill into the details of export trends among the most important sweet crude producers for the global market.
Vortexa will make a recap of the key takeaways of crude tanker CPP voyages, while giving a view of whether this trend is sustainable in 2022.
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
Global crude exports ended 2021 on a high, driven by higher volumes from key OPEC Middle East producers, the US and Russia.
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.
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.
A rally in rates throughout the month of October was logically followed by an increase in laden crude tankers as seen through Vortexa data. With the physical reality of low tonne-miles settling in however, it remains to be seen whether that rally still has fuel to run on.
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.
Global gasoline cracks are soaring amidst growing market tightness. A cap on gasoline production and high blending costs could see cracks reaching regular 5-year highs this winter
As the world tries to shake off the pandemic, Vortexa looks at top-level tanker demand trends to understand how the Crude and CPP markets have fared compared to the pre-covid period, the previous quarter and what is in store for the future.
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.
Having one eye set to analytical insights and the other on industry events, Vortexa provides a brief outlook on the shipping industry’s future. It seems that the tanker sector will need to surf high and wild waves, both in the short and the long term.
Vortexa provides an assessment of the impacts of hurricanes Ida and Nicholas on PADD 3 product and crude flows. Crude imports appear to be in for the greatest impacts.
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.