News & insights

Stay on top of the waterborne oil & gas industry with Vortexa. Our insights share expert information from energy market analysts across the globe.

May 19, 2022
Freight
US
Crude
China
West Africa
Europe
Russia
Asia
VLCC
Freight
Insight
insights
Suezmax

In this insight, Vortexa examines the current status-quo for VLCC rates, and provides an outlook of whether the repositioning to the Western hemisphere can prove to be supportive in the months to come.

May 18, 2022
Oil & Gas
Crude
China
West Africa
Europe
Angola
Russia
Asia
Middle Distillates
insights

West African crude exports to China continue to decline in May, following multi-year lows in April.

May 17, 2022
Oil & Gas
US
Crude
Diesel
Gasoline
India
Europe
Russia
Asia
South Korea
refined products
insights
Refining

Record diesel cracks have fostered supplies, visible in strong exports from Asia, the Middle East and the US. Also Russian diesel exports to Europe are stable at a high level. Accordingly markets are cooling and the focus shifts to gasoline and crude.

May 12, 2022
Oil & Gas
Fuel Oil
Crude
Diesel
UAE
Gasoline
Saudi Arabia
Russia
Jet Fuel
VGO
Naphtha
OPEC
refined products
Sanctions
Refining

In this insight we shed light on the diverging trends emerging for crude and refined products loadings from OPEC+.

May 5, 2022
Oil and Gas
US
Crude
China
West Africa
Mideast Gulf
Iran
Russia
Insight
refinery
margins
Covid

As China's crude import appetite slows, crude producers are now competing for a smaller pie. Who will be the winners and losers in this race?

May 4, 2022
Oil and Gas
Export
Diesel
Gasoline
Europe
Russia
Latin America/South America
Insight
refined products
margins
spare capacity
SPR
Refining

PADD 3 diesel exports surged in April as import demand strengthened from key consumers in Latin America and Europe - the latter seeking to progressively reduce its reliance on Russian supply. PADD 3 exports rose despite stronger domestic diesel demand, once again underlying the growing global competition for diesel.

May 3, 2022
Oil and Gas
Export
Diesel
Gasoline
Europe
Russia
OPEC
Insight
refined products
spare capacity
SPR
Refining

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.

Apr 28, 2022
Oil and Gas
US
CPP / Clean
Gasoline
Europe
Russia
Transatlantic
Freight
Insight
MR tankers

MR tankers in the Atlantic are facing a bumpy road after the first week of April, mainly driven by tonnage oversupply. However, the return of transatlantic gasoline demand could act as a deus ex machina and stage a revival for freight rates on both ends of the Atlantic Basin.

Apr 27, 2022
Oil and Gas
US
Crude
Europe
Russia
VLCC
Aframax
Insight
Sanctions
Suezmax
oil supply
SPR

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.

Apr 26, 2022
Oil and Gas
Crude
China
Europe
Russia
Insight
Sanctions
oil supply
oil demand
SPR

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.

Apr 21, 2022
Oil and Gas
Fuel Oil
Europe
Russia
Asia
Middle East
Insight

Global fuel oil prices are set to strengthen over the coming months being faced with a double whammy of rising demand and tight supplies. A crucial wildcard here is how much Russian fuel oil will find a home which could help alleviate the global supply shortage.

Apr 20, 2022
Oil and Gas
US
LR2
Crude
CPP / Clean
Diesel
Europe
Russia
Asia
Middle East
Freight
Insight
refinery
MR tankers
Tonne-miles
inventories

India's diesel exports set a record-high in March, as traders in the west snapped up every available barrel offered in the market. We weigh in on whether this export level is sustainable going forward.

Apr 19, 2022
Event Highlights
Fuel Oil
Crude
China
Diesel
Russia
STS
VLCC
Freight
OPEC
Event News
LNG

On the 19th April, Vortexa's Market Analysis team came together to discuss oil & gas market dynamics in an environment of unseen uncertainty.

Apr 13, 2022
Freight
LR2
Crude
CPP / Clean
Europe
Russia
VLCC
Freight
Aframax
Insight
MR tankers
LR1
Tonne-miles
Suezmax

As we move into the second quarter of this year, we analyse the effects of recent developments on the tonne-mile demand of crude and clean tanker fleets.

Apr 12, 2022
Oil & Gas
Crude
China
Diesel
India
Europe
Baltic
Russia
Black Sea
VLCC
Freight
Aframax
Insight
refinery
Suezmax
oil supply

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.

Apr 7, 2022
Freight
Crude
CPP / Clean
Diesel
Europe
Russia
DPP / Dirty
Freight
Aframax
Insight
Suezmax
oil supply

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.

Mar 31, 2022
Freight
WAF
Baltic
Russia
Asia
Black Sea
VLCC
Freight
PADD 3
Insight
Suezmax
East of Suez

In this insight we revisit Suezmax performance versus competing vessel classes at key regions in the aftermath of the Russian invasion.

Mar 30, 2022
Oil & Gas
US
Export
Gasoline
WAF
Europe
Russia
Asia
Middle East
Latin America/South America
PADD 3
PADD 1
Insight
refined products
Windward
East of Suez

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.

Mar 29, 2022
Oil & Gas
Export
Crude
Diesel
Europe
Russia
Asia
Urals
oil price
Insight
refined products
Sanctions
oil supply
oil demand
Ukraine

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.

Mar 24, 2022
Oil & Gas
Crude
Europe
Russia
Asia
Urals
STS
VLCC
Aframax
Insight
Sanctions
Ukraine

Russian crude exports from the Baltic and Black Sea are now showing a clear redirection away from Europe. In this insight we explore the magnitude of this shift and where these crude cargoes are heading to instead.

Mar 23, 2022
Oil & Gas
US
Fuel Oil
Europe
Russia
Asia
DPP / Dirty
Insight
Sanctions
East of Suez
Ukraine
secondary feedstocks

Dirty products are the first energy exports out of Russia showing clear signs of declines. And there are good reasons for it, as well as relevant knock-on effects, including higher prices and Russian production shut-ins.

Mar 22, 2022
Oil & Gas
LR2
CPP / Clean
Diesel
Russia
Asia
Freight
Insight
Sanctions
Vessel Availability
MR tankers
LR1
East of Suez
Ukraine

Following up on our APAC Webinar, we are answered questions on Russian oil exports, and the implactions on European and Asian crude and product flows, as well as repercussions for clean and dirty shipping.

Mar 22, 2022
Event News
Webinar
Crude
China
Oil & Gas
CPP / Clean
Diesel
Russia
Naphtha
Freight
Event News
Tankers
refined products
refinery
inventories

In this webinar, Vortexa’s Lead Analyst, Serena Huang, China Market Analyst, Emma Li, and Lead Freight Analyst, Arthur Richier, discussed some new opportunities and trading strategies that have evolved as a result of this new oil regime.

Mar 17, 2022
Freight
LR2
CPP / Clean
Diesel
Russia
Asia
Freight
Insight
Sanctions
Vessel Availability
MR tankers
LR1
East of Suez
Ukraine

While crude rates are falling from the peaks reached following the Russian invasion in Ukraine, CPP tanker rates continue their rally, especially in the Eastern hemisphere. In this insight we will analyse the drivers which have triggered this development.

Mar 16, 2022
Oil & Gas
Europe
Russia
Asia
LNG
Sanctions
Natural Gas
inventories
Ukraine

The EU has made the bold claim that a 100 bcm reduction of Russian gas can be achieved this year. LNG will need to play a leading role in this effort. The question remains whether Europe’s LNG infrastructure can keep up.

Mar 15, 2022
Oil and Gas
Diesel
Europe
Russia
Asia
Insight
refinery
oil supply
oil demand

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.

Mar 10, 2022
Oil and Gas
Crude
China
Europe
Russia
Asia
VLCC
Freight
oil price
Insight
refinery
oil supply
oil demand
inventories

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.

Mar 9, 2022
Freight
Crude
Europe
Russia
Asia
VLCC
Freight
Aframax
oil price
Insight
Suezmax
oil supply
oil demand

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. 

Mar 8, 2022
Oil & Gas
Crude
CPP / Clean
Diesel
Russia
DPP / Dirty
oil price
Insight
Natural Gas
oil supply
oil demand

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.

Mar 3, 2022
Freight
US
Crude
West Africa
Diesel
Europe
Russia
North Sea
Asia
Urals
Black Sea
VLCC
Freight
Aframax
Insight
LR1

In the face of mounting challenges to trade oil from Russia, Vortexa conducts a scenario analysis to evaluate how a change in the flow landscape could impact Crude & CPP tanker demand.

Mar 2, 2022
Oil & Gas
US
Crude
West Africa
Diesel
Saudi Arabia
Europe
Med
Iran
Russia
North Sea
Asia
Urals
Freight
Refining

In this insight we examine the pros and cons of some key grades that could see/are seeing a boost in demand as European buyers shy away from Russian crude.

Mar 1, 2022
Oil & Gas
Fuel Oil
Crude
Diesel
Europe
Russia
Transatlantic
Naphtha
Freight
Insight
refinery
MR tankers
Ukraine
secondary feedstocks

From an oil and shipping point of view, the Russia/Ukraine war may curtail or merely rerout the flows of Russian oil barrels, or even keep them largely unchanged. The importance of diesel may even top crude, with limited alternatives speaking for continued Russian-European trade.

Feb 23, 2022
Oil & Gas
US
Europe
Russia
Asia
Middle East
Freight
Middle Distillates
PADD 3
Insight
Sanctions
refinery
East of Suez

In this insight we analyse the main factors tightening European diesel supplies and driving backwardation to multiyear highs.

Feb 10, 2022
Oil & Gas
US
Crude
West Africa
Europe
Russia
Middle East
OPEC
oil price
Insight
oil supply

In this insight, we will drill into the details of export trends among the most important sweet crude producers for the global market.

Feb 1, 2022
Oil & Gas
Europe
Russia
Asia
LNG
Sanctions
Natural Gas
inventories
Ukraine

European LNG imports reach record highs in January, leaving less than 20% of free import terminal capacity - too little to cope with further losses of Russian gas.

Jan 26, 2022
Oil & Gas
Crude
Diesel
Europe
Russia
Asia
LNG
refined products
Sanctions

In this insight we examine the reprcussions and motivations behind Europe and/or the US applying sanctions to Russian energy

Jan 6, 2022
Oil & Gas
US
Export
Crude
Libya
Saudi Arabia
Europe
Russia
Middle East
VLCC
OPEC
Ecuador

Global crude exports ended 2021 on a high, driven by higher volumes from key OPEC Middle East producers, the US and Russia.

Dec 14, 2021
Freight
US
LR2
Crude
Oil & Gas
CPP / Clean
Europe
Russia
Middle East
DPP / Dirty
Freight
Aframax
Tankers
Tonne-miles
Freight Rates

In last year’s freight forecast Vortexa described 2020 as one of the most volatile years on record. 2021 saw a more tepid year, with freight rates overall languishing at their lowest levels in years. Vortexa forecasts what 2022 has in store for freight markets.

Dec 9, 2021
Oil & Gas
US
LR2
Crude
Oil & Gas
CPP / Clean
Europe
Russia
Middle East
Aframax
refined products
refinery
Natural Gas

Vortexa analyses competitive advantages of different refining setups and concludes from product export data that refiners in oil producing countries are currently outperforming plants in consuming nations thanks to feedstock costs.

Dec 8, 2021
Oil & Gas
US
Crude
Oil & Gas
CPP / Clean
Europe
Russia
DPP
LNG
refined products
Natural Gas

As geopolitical tensions mount around Russia-US relations, we take stock of the former nation's role in supplying oil and gas.

Dec 1, 2021
Oil & Gas
US
Crude
Russia
OPEC
LPG
oil price
refined products
oil supply
oil demand
economy

Total oil and gas seaborne departures rose to record highs in November. We investigate the main contributors and drivers behind the rise.

Nov 10, 2021
Oil & Gas
Diesel
Europe
Russia
ARA
Asia
South Korea
Singapore
refinery
East of Suez

The global diesel market is tight and refinery supplies are struggling to keep up with rising demand, leading to a draw on inventories across key storage hubs.

Oct 28, 2021
Oil & Gas
US
Fuel Oil
Russia
ARA
Asia
Middle East
refined products
refinery

Fuel oil exports from Russia and other Former Soviet Union nations (FSU) are on track for a weak October, as ongoing refinery maintenance work continues to weigh on production and limits flows to key importers Netherlands, the US and Asia.

Aug 18, 2021
Oil & Gas
Fuel Oil
Crude
China
West Africa
Oil & Gas
Diesel
Gasoline
Russia
Jet Fuel

China issued a third batch of crude import quotas last week, but limited quotas will keep crude imports subdued for the rest of the year, which is further reinforced by a soft domestic demand outlook and limited product export quotas.

Aug 5, 2021
Oil & Gas
Import
Export
Oil & Gas
CPP / Clean
Gasoline
Russia
Naphtha
Freight
Insight
refinery
MR tankers
East of Suez

As we witness global naphtha cracks continuing strength since the spring, we can see that seaborne naphtha imports carry on their impressive recovery. Strong flows are expected to continue on the back of firm petrochemical demand East of Suez and European gasoline blending.

Aug 4, 2021
Oil & Gas
Export
Crude
Oil & Gas
CPP / Clean
Gasoline
Russia
DPP
Insight
refinery

Russian seaborne crude and clean products have undergone a significant decline in July. We examine the key factors driving this shift, including rising pipeline flows and a tightening domestic gasoline market.

Jul 21, 2021
Oil & Gas
Oil & Gas
CPP / Clean
Diesel
India
Europe
Russia
Asia
Middle East
Latin America/South America
PADD 3

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.

Jul 14, 2021
Oil & Gas
Crude
China
Oil & Gas
Diesel
Gasoline
Russia
Jet Fuel
OPEC
Insight

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.

Jan 28, 2021
Oil & Gas
Fuel Oil
Oil & Gas
Europe
Russia
Asia
VLCC
Insight

ARA region's fuel oil exports have surged amid an influx of Baltic supplies, but limited arbitrage opportunities are proving to be a headwind for the market.

Jan 27, 2021
Oil & Gas
US
Crude
China
Oil & Gas
Russia
Asia
Infographic
OPEC
Insight

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.

Jan 13, 2021
Oil & Gas
US
Fuel Oil
Russia
VGO
DPP / Dirty
DPP
Insight

Fuel oil and dirty feedstocks exports (DPP) to the US from the FSU region are on track to fall sharply in January, preliminary Vortexa data show.

Oct 7, 2020
Oil & Gas
LR2
Diesel
Europe
Russia
Gasoil
Floating Storage
PADD 1

As the US northeast (PADD 1) heads into the winter season, one factor on the minds of diesel market participants is will the change of seasons drive a change in flows?

Sep 10, 2020
Freight
Crude
Oil & Gas
Russia
Black Sea
Freight
Insight

Persistently lower Black Sea crude loadings over July-September, compared to more buoyant export levels in the first half of the year, continue to weigh on the regional tanker market rates.

May 13, 2020
Oil & Gas
CPP / Clean
Diesel
Europe
Russia
Floating Storage
Sweden
Mar 11, 2020
Market Report
Crude
Oil & Gas
Saudi Arabia
Russia
OPEC
Market Report

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.

Dec 13, 2019
Oil & Gas
Russia
Condensate
Nov 27, 2019
Oil & Gas
Europe
Russia
Asia
Naphtha
DPP / Dirty
Oct 2, 2019
Market Report
US
Crude
Oil & Gas
Russia
Market Report

Expected higher imports of Russian and US crude into Asia this month are set to provide a cushion against short-term disruption to Saudi Arabia’s light crude supply.

Aug 16, 2019
Oil & Gas
Russia
Asia
Naphtha
DPP / Dirty
Aug 2, 2019
Market Report
Crude
China
Oil & Gas
Saudi Arabia
Russia
Market Report

China's crude imports from Saudi Arabia surges by nearly 45% year-on-year to 1.55mn b/d in the first seven months of this year, Vortexa data shows.

May 23, 2019
Blog Migrations
Oil & Gas
CPP / Clean
Diesel
Russia
Primorsk
Apr 24, 2018
US
Oil & Gas
Russia
VGO
Novorossiysk
Apr 24, 2018
Oil & Gas
Russia
Asia
Tuapse
Black Sea
Naphtha
Mar 12, 2018
LR2
Oil & Gas
Diesel
Russia
Primorsk
Feb 13, 2018
Oil & Gas
Russia
Caribbean
Urals

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