A flood of diluted bitumen cargoes has rapidly filled up storage tanks in Shandong, as traders and refiners scrambled to offload the cargoes before the consumption tax on diluted bitumen imports kicked in on 12 June. With this new tax in place, independent refiners are expected to cut back on diluted bitumen and raise Malaysian crude blends and fuel oil imports to meet their feedstocks requirements.
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.
This Insight report examines a high risk scenario for freight tonnage if US sanctions for PDVSA were to be extended to tankers involved in Venezuelan movements in the past two years.