A jet fuel supply crunch in the US and Europe is drawing long-haul barrels from the East, but supplies are capped at a time when refiners are maximising diesel yields and entering into planned maintenance.
In this insight we revisit Suezmax performance versus competing vessel classes at key regions in the aftermath of the Russian invasion.
As we enter the start of driving season for the Atlantic Basin, we have already seen refined product cracks rise to historical highs in both the US and Asia markets which have boosted global seaborne gasoline loadings to a 24-month record for March. Looking forward, high crude runs in a few selected regions could be the factor to cool gasoline cracks and refining margins somewhat.
European refiners' thirst for light-sweet crudes has propelled sweet crude premiums in recent weeks. As these premiums continue to test historical highs, it raises questions as to whether product prices are catching up fast enough to support this price momentum.
In this insight we analyse the main factors tightening European diesel supplies and driving backwardation to multiyear highs.
How CPP dynamics has shaped the MR freight market on the Atlantic as well as what is in store for the region in the short to medium term?
As we witness US gasoline cracks moving toward levels matching 2021 highs, a year hit by severe unplanned supply problems and high refined product demand we can expect to see only further limitations to supplies as spring refinery maintenance ramps up across the globe and demand is set to grow for all refined products in a world emerging from the pandemic.
Surging diesel prices have been at the forefront of market news in recent weeks. Can clean tanker markets benefit from this pricing trend?
Latin America has been a key importer of road transportation fuels in 2021. However fundamentals, seasonality and shipping indicators are signaling that the demand pull may be behind us.
Latam imports of gasoline & diesel are enjoying a demand surge with volumes arriving from as far away as the East of Suez to fulfill hefty import requirements. However, despite higher volumes of clean products headed towards Latam over July, MR tanker US Gulf - Latam remained relatively unchanged, as a fair chunk of the inflow was supplied from West Africa.
As global diesel loadings rise amid lagging demand, we explore how the supportive factors in the physical diesel market are not enough to withstand the pressure of a product in oversupply.
As European gasoline and blending component imports dominate seaborne flows into PADD 1, we take a look at if this could be the beginning of a long term structural change. We also explore other points of gasoline resupply into PADD 1.
North American LPG shipments to Asia may come at a higher price this summer due to multiple forces pressuring the economics of the trade.
US Gulf Coast imports of fuel oil and VGO are climbing as the region’s refiners respond to rising US gasoline demand.
As the US Colonial pipeline system restarts after its historic outage and panic buying subsides in the East Coast and Southeastern markets, we look towards waterbourne gasoline cargos to solve the regional stock imbalances.
Should the Colonial Pipeline network remain down for more than a few days, East Coast and Southeastern markets will start to see supply hiccups and related price spikes.
Vortexa outlines how Latin American countries are increasing imports of crude and refined products whilst simultaneously exporting refined products into storage hubs, suggesting an oversupplied region.
Vortexa's infographic analyses gasoline/blending components volumes loading and in transit as they start to slow. As US refineries increase runs to meet domestic demand, European imports could be forced to find alternative destinations.
Vortexa outlines how the the peak in European gasoline loadings destined for the Atlantic Basin will slow and why.
Explore Q1 2021 freight market update based on Vortexa data.
Vortexa outlines how the decline in US fuel oil and dirty feedstocks exports has impacted buyers in Latin America, Caribbean and Asia.
The recent drop in US refinery throughput following the North American winter storm has strengthened transatlantic gasoline flows, while exerting pressure on Medium Range (MR) tankers operating in the Americas. But looking forward, the tables could be turned.
Which Texas clean product export terminals were impacted the most during the freeze? Our infographic details the terminals with the largest weekly export volatility and who is recovering the quickest.
Explore freight markets forecast for 2021 based on Vortexa data.
Discover the key benefits of Vortexa's new net flows screen with an Infographic on US Gulf coast crude flows.
On the 29th October, the global Vortexa team came together to discuss the middle distillates market, taking stock of the market from both sides of the pond, from Europe to America.
Diesel/gasoil exports from the US Gulf coast (PADD 3) in September are set to register the largest month-on-month decline seen since April.
US Gulf coast gasoline exports have been seeking alternative markets in the region in recent weeks, beyond top markets Mexico and Brazil.
US crude loadings to China are en course to reach a 4-month high in September, as more bookings emerge along the route for October.
How is clean products floating storage faring globally, and what regional dynamics can we see?
In the wake of Hurricane Laura, we look at the impact of on vessel availability in the clean and dirty fleet segments in the US Gulf coast.
Utilisation rates for Very Large Crude Carriers (VLCC) fell to 44% in August, their lowest level this year following stymied global demand recovery for crude and a significant loss of cargoes compared to 2019 levels, according to Vortexa data.