Exclusive Report: Crude flows & stocks reflect supply tightness despite robust demand
This report provides a detailed insight into the current state of the global crude markets, looking at supply tightness and robust demand reflected from crude flows and stocks data available at Vortexa.
11 September, 2023
Key report takeaways:
- On- and offshore crude oil inventory drop reflects fundamental market tightness
- China has been the driver of stock builds, with recent stock draws suggesting stronger crude throughput
- Europe’s crude imports reach YTD high of 9mbd whilst onshore inventories flat, suggesting demand remains robust
- OPEC+ barrels continue to arrive at a normal rate for now, made possible by sea stock draws of Saudi grades by 1.5mbd in August
- Iranian crude/condensate in floating storage surpasses 50mb following record-high exports as China’s imports lag Iran’s exports
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