News & Insights

In-house energy news and market-focused insights, powered by Vortexa

Clean Products Insight: Feast And Famine for US Jet Fuel Imports

5th February 2019
US jet fuel imports increased in January after falling to a multi-month low in December. The rise in arrivals resulted from the opening of arbitrage opportunities—especially from more irregular suppliers in east of Suez markets. Arbitrage flows via Suez Favourable arbitrage economics prompted shipments of jet fuel to head to the US from more unusual exporters in recent weeks, particularly in the Mideast Gulf and India, Vortexa data show. Cargoes from east of Suez markets loaded onto ...

Fuel Oil Insight Series: European RMG-380

18th January 2019
Fuel Oil Insight into European RMG-380 The bulk of European RMG-380 fuel oil trading—the predominant high sulphur bunker grade— takes place in the Amsterdam-Rotterdam-Antwerp (ARA) region. It is the main fuel oil pricing center, along with Singapore. With its local refineries and large number of independent storage facilities, it is also where most European RMG-380 is blended for the market. Historically, the RMG-380 grade has typically traded at flat to a $2/mt to $3/mt premium over the b...

Fuel Oil Insight Series: Pre-IMO 2020 pricing signals

18th January 2019
Fuel Oil Pricing Signals Ahead  of IMO 2020 As we approach the January 2020 deadline for the International Maritime Organisation’s (IMO) regulation capping sulphur content in bunker fuels, the high-sulphur fuel oil (HSFO) price curves in Rotterdam and Singapore, and the derived cross-arbs (the true measure of arbitrage viability on the East-West route) are starting to look very interesting indeed. The current backwardation in fuel oil is not a recent phenomenon and ramped up back in 2016 w...
Fuel Oil Insight Series: ARA VLCC Loadings
18th January 2019
Rotterdam Fuel Oil VLCC Loadings Heating Up Activity on the Northwest Europe to Singapore fuel oil arbitrage route has started the year with a flurry. The VLCC As Suwayq, chartered by Gunvor, is currently loading at Vo... Read more
Trinidad and Tobago ups product imports, crude exports
4th December 2018
Trinidad and Tobago increased its gasoline and diesel imports —including from more unusual sources— in the past two months, and began exporting its domestic Molo crude stream, following the decision of state-owned oi... Read more
Equatorial Guinea sends more condensate to UAE
4th December 2018
The UAE is set to receive another condensate cargo from fellow Opec-member Equatorial Guinea this month—its third so far this year, reflecting the continued the diversification of condensate intake into the Jebel Ali r... Read more
Chile takes more North American crude
4th December 2018
Chile's crude import mix in November shifted from previous months, as an increase in the purchase of US crude weighed on the intake of some grades more dominant in previous months. Chile's state-owned oil company Enap... Read more
Analysis: Primorsk diesel exports to Germany rise
31st October 2018
Diesel exports to Germany from the Russian Baltic port of Primorsk climbed to a multi-year high in October, amid restricted inland barge movements caused by lower Rhine river levels. An estimated 155,000 b/d of diesel... Read more
Analysis: Med crude flows to China rise
31st October 2018
Crude shipments to China from the Mediterranean and Black Sea region rose sharply in the past two months, Vortexa data show, reflecting a more economically viable eastbound arbitrage. October-loaded exports to China ... Read more
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