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.
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.
Explore Q1 2021 freight market update based on Vortexa data.
Explore freight markets forecast for 2021 based on Vortexa data.
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
Singapore’s fuel oil market has reached one of its tightest periods so far this year amid on and offshore inventory draws.
Our expert speakers Cosmo Kedros and Serena Huang discussed how low sulphur fuel oil (LSFO) markets have been dramatically reshaped in 2020 in our webinar hosted on 30 September.
Asia's low sulphur fuel oil market is expected to tighten in Q4 2020. Global refinery runs and OPEC+ production levels are key signposts to watch for.
Singapore’s fuel oil floating storage inventories saw a 1.1mn mt drawdown over the last four weeks, reaching 4.2mn mt as of 17 August, the lowest since February. Read on to discover why.