In this insight we shed light on the diverging trends emerging for crude and refined products loadings from OPEC+.
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.
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.
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.
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.
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.
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.
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.
In this insight we analyse the main factors tightening European diesel supplies and driving backwardation to multiyear highs.
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.
In this insight we examine the reprcussions and motivations behind Europe and/or the US applying sanctions to Russian energy
On the 7th December, Vortexa are proud to be have been involved in the Tech in Commodities 2020, ran in conjunction with SWITCH 2020, delivering a panel with key industry leaders from Braemar ACM Shipbroking, Norden, and Windward
On the 7th December, Vortexa are proud to be have been involved in the Tech in Commodities 2020, ran in conjunction with SWITCH 2020, delivering a panel with key industry leaders from Braemar ACM Shipbroking, Norden, and Windward
On 9th December, expert analysts from Vortexa, Windward and C4ADS came together to discuss the impact of trade sanctions on oil and shipping markets. Watch the webinar on demand!
This report brings together Windward intelligence and Vortexa data on maritime risk factors, dark movements, vessel specifics and cargo flows in a case study examining the risk posed to the global maritime fleet of association with the Venezuelan oil trade.