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 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 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.

Jan 25, 2022
Oil & Gas
Import
Crude
China
SPR
Refining
inventories
backwardation
outlook

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.

Dec 1, 2021
Oil & Gas
OPEC
oil price
oil supply
oil demand
SPR
economy

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.

Nov 23, 2021
Oil & Gas
oil price
oil supply
oil demand
SPR
economy

The Biden administration announced today a historical Strategic Petroleum Reserve (SPR) release, but rather than cooling oil prices it led to a spike, at least in the short term.

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