ClickCease
Europe to PADD 1 Gasoline Flows Rise

Europe to PADD 1 Gasoline Flows Rise

Europe to PADD 1 Gasoline Flows Rise After PES Refinery Incident

25 June, 2019
Vortexa Analysts
Vortexa Analysts

Refinery Incident

Vortexa data show that gasoline exports from Europe to the US Atlantic Coast (PADD 1) spiked in week 25 after a fire at Philadelphia’s 335,000 b/d PES refinery, which damaged an alkylation unit. Another fire incident was also reported at the same site on 10 June.

In Brief:

  • Over 500,000 mt of gasoline/blending components left Europe for PADD 1 during the week ending 23 June, a 7-week high. The rate of imports had fallen in prior weeks compared with last month.

  • Around 320,000 mt departed Europe from 21 June, when reports of the PES refinery incident first emerged, to 24 June. 

  • A flurry of Europe to PADD 1 gasoline shipping fixtures are continuing to emerge this week, amid firmer freight rates seen along the route.

  • Meanwhile, a Brofjorden-loaded gasoline cargo and two Ust-Luga naphtha cargoes look set to take discharge options into PADD 1 rather than Europe, as per their shipping fixtures. 

  • Waterborne gasoline exports from Canada to PADD 1 also rose in week 25, to the highest level along the route since end-February.

Vortexa Analysts
Vortexa
Vortexa Analysts