October 15, 2018 [TankTerminals.com] - Market Brief: Market Overview: Fuel Oil & Gasoline. Storage Opportunities: Chemicals (ARA, E. Spain, New York), Dirty Pet Prods (Sweden).
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Market Overview: Fuel Oil
Fuel Oil activity has been quiet in August but in general the market is still very strong and tight across the globe. Spreads reflect this and Rotterdam and Singapore spreads do not show any sign of abating. Arb activity has been very slow with only Suezmax activity. Fuel oil storage inquiries are still on the low side but some interest is arising in Singapore.
Spreads remain well bid. Oct18/Dec19 is close to 120 USD backwardation but that doesn’t scare off players that already have tanks. They stay on their position while new players come out to check availabilities in ARA, which are tight. Premiums for Fuel oil remain high and there is quite some activity on the E/W with so far one VLCC and more than 10 Suezmax’ that have been booked.
Market Overview: Gasoline
With the end of the gasoline season in sight and refinery runs above 96%, the gasoline curve is slowly coming off again. Storage requests are increasing with an eye on the spec change. Availabilities are still there but opportunities with the full monty are getting more scarce.
Spreads are coming off again after the spec change and volumes to the AG are decreasing again after a flurry of exports on the back of outages. The arb to the US is closed so this could indicate that Europe will have plenty of material soon. Whether this will last long remains the question. Refinery utilization is roughly 90% but refinery margins are decreasing rapidly so we might see early maintenance and/or lower runs in the coming months to correct the imbalance. Cargo owners are sniffing around for storage but econs do not work just yet. Players with storage are staying put. Most cargo owners with specific storage requests prefer somewhat smaller tanks.
Tank Storage Availability Worldwide | ||||
Capacity (m3) | Product | Location | Available from | Enquire for Storage |
---|---|---|---|---|
New | ||||
10,900 | Chemicals | ARA | Now | Click here |
37,079 | Dirty Petroleum Products | Sweden | Now | Click here |
40,000 | Chemicals | East Spain | Q2, 2019 | Click here |
60,000 | Chemicals | New York, USA | Now | Click here |
Belgium – The Netherlands | ||||
567,600 | Diesel / Gasoil | ARA | Now / Q1, 2019 | Click here |
386,400 | Light Ends | ARA | Now / Q1, 2019 | Click here |
4,700 | Vegoils | Inland | Now | Click here |
55,000 | Dirty Petroleum Products | ARA | Q2, 2019 | Click here |
North Europe | ||||
460,000 | Diesel / Gasoil | North Europe | Now | Click here |
18,000 | Diesel / Gasoil | North Germany | Q1, 2019 | Click here |
5,927 | Chems | Inland Germany | Now | Click here |
18,500 | Diesel / Gasoil | Inland Germany | Now | Click here |
13,000 | Various Products | West Coast UK | Now | Click here |
30,000 | Gasoline | West Coast UK | Now | Click here |
3,000 | Diesel / Gasoil | West Coast UK | Now | Click here |
28,000 | Various Products products | East Coast UK | Now | Click here |
4,000 | Vegoil / Chems | East Coast UK | Now | Click here |
15,000 | MGO / IFO | East Coast Scotland | Now | Click here |
100,000 | Light Ends FP<60 | Ireland | Now | Click here |
200,000 | Crude | Ireland | Now | Click here |
4,500 | Various | Denmark | Now | Click here |
10,000 | Vegoils / Chems | Denmark | Now | Click here |
380,000 | Diesel / Gasoil | Denmark | Now | Click here |
203,000 | Diesel / Gasoil | Sweden | Now | Click here |
12,500 | Vegoils | Sweden | Now | Click here |
15,000 | Jet | Sweden | Now | Click here |
20,000 | Diesel / Gasoil | Norway | Now | Click here |
391,000 | Diesel / Gasoil | Finland | Now | Click here |
4,000 | Chemicals | Finland | Now | Click here |
48,000 | Light Ends FP<60 | Lithuania | Now | Click here |
140,000 | Crude | Estonia | Now | Click here |
97,000 | Diesel / Gasoil | Estonia | Now | Click here |
73,000 | Light Ends FP<60 | Estonia | Now | Click here |
200,000 | Crude | Baltics | Now | Click here |
23,500 | Light Ends FP<60 | Latvia | Now | Click here |
South Europe | Mediterranean | Black Sea | ||||
17,700 | Various Products Products | Portugal | Q3, 2018 | Click here |
400,000 | Crude | Spain | Now | Click here |
130,000 | Biodiesel | Spain | Now | Click here |
56,000 | Various | NW Spain | Now | Click here |
23,000 | Vegoils/ Chems | South Spain | Now | Click here |
25,000 | Dirty Petroleum Products | South Spain | Now | Click here |
317,000 | Light Ends FP<60 | East Spain | Now | Click here |
110,000 | Diesel / Gasoil | East Spain | Now | Click here |
70,000 | Diesel / Gasoil | East Spain | April, 2018 | Click here |
80,000 | Diesel / Gasoil | East Spain | Now | Click here |
20,000 | Dirty Petroleum Products<60 | East Spain | Now | Click here |
25,000 | Dirty Petroleum Products | East Spain | Now | Click here |
5,000 | Chems | North France – Inland | Now | Click here |
2,000 | Chems | South France – inland | Now | Click here |
220,000 | Crude | France | Now | Click here |
40,000 | Diesel / Gasoil | NW France | Now | Click here |
19,600 | Vegoils / Chems | NW France | Now | Click here |
4,000 | Light Ends FP<60 | NW France | Q2, 2019 | Click here |
150,000 | Diesel / Gasoil | East Med | Now | Click here |
300,000 | Crude | East Med | Now | Click here |
10,000 | Chems / petroleum prods | Croatia | Now | Click here |
7,500 | Chemicals | NE Italy | Now | Click here |
15,000 | Diesel / Gasoil | NE Italy | Now | Click here |
12,000 | Light Ends FP >60 | NW Italy | Now | Click here |
30,000 | Various Products | NW Italy | Now | Click here |
8,000 | Chemicals | NW Italy | Now | Click here |
46,000 | Diesel / Gasoil | NW Italy | Now | Click here |
7,000 | Molasses | NW Italy | Now | Click here |
9,900 | Gasoline | Albania | Now | Click here |
30,000 | Light Ends FP<60 | Georgia | Now | Click here |
100,000 | Dirty Petroleum Products | Georgia | Now | Click here |
45,000 | Dirty Petroleum Products | Ukraine, Danube | Now | Click here |
30,000 | Light Ends FP<60 | Ukraine, Danube | Now | Click here |
12,000 | Dirty Petroleum Products | Ukraine, Danube | Now | Click here |
5,000 | Vegoils / Chems | Ukraine, Danube | Now | Click here |
120,000 | Light Ends FP<60 | SE Turkey | Now | Click here |
45,000 | Dirty Petroleum Products | SE Turkey | Now | Click here |
12,000 | Vegoils | Illichevsk | Now | Click here |
5,000 | Chems | SW Russia | Now | Click here |
20,000 | Methanol | SW Russia | Now | Click here |
Africa | ||||
14,200 | Chems, excl. acids | Egypt | Now | Click here |
6,000 | Vegoils / Chems | Egypt | Now | Click here |
10,000 | Diesel / Gasoil | Egypt | Now | Click here |
2,000 | Chemicals | Kenya | Now | Click here |
20,000 | Chemicals | Tanzania | Now | Click here |
55,000 | Light Ends FP<60 | Ghana | Sept, 2017 | Click here |
10,000 | Gasoline | South Africa | Now | Click here |
10,000 | Diesel / Gasoil | South Africa | Now | Click here |
2,200,000 | Crude | South Africa | Now | Click here |
Middle East | ||||
100,000 | Various Products | Gujarat, India | Now | Click here |
97,600 | Chems | Gujarat, India | Now | Click here |
15,000 | Bitumen | Gujarat, India | Now | Click here |
100,000 | Diesel / Gasoil | Gujarat, India | Now | Click here |
884,200 | Various Products | UAE | Sept, 2017 | Click here |
172,000 | Diesel / Gasoil | UAE | Now | Click here |
91,180 | Light Ends FP<60 | UAE | Now | Click here |
74,000 | Dirty Petroleum Products | UAE | Now | Click here |
35,795 | Chems | UAE | Now | Click here |
Far East Asia | ||||
80,000 | Light Ends FP<60 | South China | Now | Click here |
150,000 | Dirty Petroleum Products | South China | Now | Click here |
200,000 | Dirty Petroleum Products | North China | Now | Click here |
30,000 | Chemicals | Shangdong | Now | Click here |
150,000 | Crude | Shangdong | Now | Click here |
8,000 | Chemicals | South China | Now | Click here |
12,5000 | Chemicals | North China | Now | Click here |
250,000 | Dirty Petroleum Products | Gr. Ningbo | Now | Click here |
200,000 | Light Ends FP<60 | Yangtze River / East China | Now | Click here |
300,000 | Crude | Greater Ningbo | Now | Click here |
15,200 | Chemicals | South Korea | Now | Click here |
72,500 | Light Ends FP<60 | South Korea | Now | Click here |
14,100 | Chemicals | South Korea | Now | Click here |
90,000 | Light Ends FP<60 | Malaysia | Now | Click here |
34,800 | Vegoils / Chems | Malaysia | Now | Click here |
46,000 | Light Ends FP<60 | Singapore | Now | Click here |
300,000 | Dirty Petroleum Products | Singapore | Now | Click here |
500,000 | Light Ends FP<60/td> | Gr. Singapore | Now | Click here |
270,000 | Diesel / Gasoil | Gr. Singapore | Now | Click here |
255,000 | Dirty Petroleum Products | Gr. Singapore | Now | Click here |
North America | ||||
70,000 bbl | Biodiesel | California USA | Now | Click here |
456,000 bbl | Various Products | Ohio USA | Now | Click here |
60,000 bbl | Chems | Pennsylvania USA | Now | Click here |
35,000 bbl | Light Ends FP<60 | New York USA | Now | Click here |
1,520,000 bbl | Dirty Petroleum Products | New York USA | Now | Click here |
2,710,000 bbl | Crude | New York USA | Now | Click here |
50,000 bbl | Chems | New Jersey USA | Now | Click here |
250,000 bbl | Diesel / Gasoil | New Jersey USA | Now | Click here |
24,000 bbl | Vegoils / Chemicals | Maryland USA | Now | Click here |
450,000 bbl | Dirty Petroleum Products | Maryland USA | Now | Click here |
280,000 bbl | Dirty Petroleum Products | Virginia, USA | Now | Click here |
200,000 bbl | Diesel / Gasoil | Virginia, USA | Now | Click here |
120,000 bbl | Various Products | South Carolina, USA | Now | Click here |
30,000 bbl | Diesel / Gasoil | North Carolina USA | Now | Click here |
85,000 bbl | Light Ends FP<60 | North Carolina USA | Now | Click here |
500,000 | Crude | Oklahoma | Now | Click here |
570,000 bbl | Various Products | Georgia USA | Now | Click here |
289,000 bbl | Vegoils / Chemicals | Georgia USA | Now | Click here |
20,000 bbl | Vegoils / Chemicals | Florida USA | Now | Click here |
178,000 bbl | Chemicals | Louisiana USA | Now | Click here |
600,000 | Various Products | Louisiana USA | Q3, 2018 | Click here |
380,000 bbl | Various Products | Texas, USA | Now | Click here |
238,000 bbl | Dirty Petroleum Products | Texas, USA | Q1, 2018 | Click here |
660,000 bbl | Chemicals | Texas, USA | Now | Click here |
Central & South America | ||||
350,000 bbl | Crude | Bahamas | Now | Click here |
190,000 bbl | Various Products | Puerto Rico | Now | Click here |
553,000 bbl | Light Ends FP<60 | Colombia (Caribbean) | Now | Click here |
7,500 bbl | Vegoils<60 | Colombia (Caribbean) | Now | Click here |
250,000 bbl | Dirty Petroleum Products | Panama (Atlantic) | Now | Click here |
9,000 | Dirty Petroleum Products | Argentina | Now | Click here |
10,000 | Vegoils / Chemicals | Argentina | Now | Click here |