backwardation Archives - Vortexa

FEATURE OF THE WEEK

Imbalance in supply and demand fundamentals in Atlantic MR market favours the Gulf of Mexico

Recent insights

Jul 10, 2025

China’s Iranian crude imports near record high again

China imported over 1.7 mbd of Iranian crude in June—just shy of the March record. But what’s different this time?

Jul 09, 2025

LNG Special Report: As Middle East tensions ease, summer dynamics across China and Europe define the market

Easing Middle East tensions are influencing summer price trends, while diverging demand patterns across China and Europe are reshaping the…

Jul 04, 2025

Global crude/condensate supplies show surprising upside despite muted OPEC-8 exports

Despite relaxed voluntary production targets, OPEC-8 crude exports remained stable, while the rest of OPEC+ crude exports show growth over…

Select category

LNG

LPG

Company news

January 25, 2022

China’s crude destocking pauses. Is it…

China's onshore crude inventories made a U-turn after months of draws in recent weeks. Vortexa analyses the key factors underpinning the move, while giving…

January 19, 2022

Oil price rally is driven by…

Global crude liftings are falling short of meeting demand in spite of OPEC+ efforts, and the latest trend is furthermore going in the wrong…

January 18, 2022

Global diesel market pricing in tighter…

The global diesel market is pricing in tighter supplies ahead with refinery runs capped by high operational costs and upcoming maintenance

January 13, 2022

Omicron: pre-emptive supply cuts & resilient…

Omicron: pre-emptive supply cuts & resilient demand draw stocks and lift prices. Much lower backwardation than back in October hints at further price increases.