November 19, 2018 [TankTerminals.com] - Market Overview: Crude & Gasoline. Storage Opportunities: Chemicals (NW France), Vegoils (ARA).
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Market Overview: Crude
Contango has returned to the WTI market all the way out to August ‘19. The US is still producing at record levels. The EIA revealed that U.S. shale production surged in August, rising by 400,000 bpd compared to a month earlier. US shale is growing more than anticipated, depressing the curve further out as well.
Of course, the storage market cannot benefit (yet) from a contango play and storage is still ample but interest to store is certainly rising in the US.
Contrary to WTI, the Brent market is only flirting with contango on the front as fundamentals are different. Obviously, the uncertainty relating to the potential losses of Iranian exports are preventing the curve to come off too aggressively, despite increased OPEC production. We do not see new interest in crude storage in Europe on the basis of the latest market developments.
Market Overview: Gasoline
NYH Gasoline prices are showing a nice seasonal contango Jan/Jun, ready to be locked in with a storage play. US gasoline stocks are well above the 5-year average but there is still ample capacity to store. Gasoline demand in the US is still high though, close to the 2017 record.
In Europe, the contango is less steep but also gives opportunities to store up to May 19. We have had several requests for storage for 6 months and are now trying to finalize contracts. Availabilities are decreasing.
Tank Storage Availability Worldwide | ||||
Capacity (m3) | Product | Location | Available from | Enquire for Storage |
---|---|---|---|---|
New | ||||
10,000 | Vegoils / Chemicals | NW France | Now | Click here |
Belgium – The Netherlands | ||||
567,600 | Diesel / Gasoil | ARA | Now / Q1, 2019 | Click here |
426,400 | Light Ends | ARA | Now / Q1, 2019 | Click here |
7,900 | Chemicals | ARA | Now | Click here |
8,500 | Chemicals | ARA | Q1, 2019 | Click here |
7,000 | Chemicals | ARA | Q3, 2019 | Click here |
4,700 | Vegoils | Inland | Now | Click here |
11,400 | Vegoils | ARA | Now/Q1, 2019 | 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 |
30,000 | Light Ends | West Coast UK | Now | Click here |
83,000 | Diesel / Gasoil | West Coast UK | Now | Click here |
13,000 | Various Products | West Coast UK | Now | Click here |
660,000 | Crude | West Coast UK | Q2/Q3, 2019 | Click here |
360,000 | Diesel / Gasoil | West Coast UK | Q2/Q3, 2019 | Click here |
28,000 | Various Products products | East Coast UK | Now | Click here |
6,200 | Vegoils / Chemicals | 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 |
37,079 | Dirty Petroleum Products | Sweden | 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 |
40,000 | Chemicals | East Spain | Q2, 2019 | 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 |
60,000 | Diesel / Gasoil | NW France | Now | Click here |
6,000 | Chemicals | 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 |
60,000 | Chemicals | New York, 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 |
100,000 bbl | LPG | New Hampshire, USA | 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 |
738,000 bbl | Dirty Petroleum Products | Texas, USA | Now | 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 |