Tank Storage Market Briefing, Tank Storage Availability Worldwide - Week 48
November 26, 2018 [TankTerminals.com] - Market Overview: Distillates & Fuel Oil. Storage Opportunities : Dirty Pet Prods (Denmark, Texas), Light Ends (ARA, Washington).
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Market Overview: Distillates
The European market has exploded with the front spread trading at 15 USD at some point on decent demand and less available Arb cargoes. Needless to say that storage for distillates is getting less and less attractive. Freight into the hinterland is still very worrisome and barge movement from Frankfurt upwards is impossible. In Switzerland supply now comes from strategic storage and pipelines.
In the US, the backwardation is less pronounced but the market is strong as well and the spread gasoline/heating oil is getting wider in favour of the latter. Although inventories of U.S. heating oil are lower this year than last year, they are still within the range of the five-year average.
Distillate inventories fell to low levels earlier in 2018 because of continued growth in distillate demand, driven by strong global industrial and economic activity. Certainly a cold snap could get this market higher. However, temperatures in the Midwest—the region with the most households that use heating oil for heating—are expected to be 3% warmer than last winter.
Market Overview: Fuel Oil
The European 3.5% fuel spread continues to be strong. The front spread has been trading above 10 for a while now and the spread Nov18-Dec19 is more than 110 USD backwardated. Product availability is a major issue at the moment: stocks are very low and re-supply troublesome.
The E/W is very high and pulls barrels from the ARA region and the Baltics straight to Singapore. The barge market is experiencing congestion and delays. Fuel oil stocks are getting lower globally, stocks in Fujairah for instance dropped 16.1% week on week. Stocks in the US are still on the very low side and well below the 5-year average.
Tank Storage Availability Worldwide
Capacity (m3) Product Location Available from Enquire for Storage
New
159,400
Light Ends
ARA
Now / Q1, 2019
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100,000
Dirty Pet Prods
Denmark
Now
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238,000 bbl
Dirty Petroleum Products
Texas, USA
Now
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50,000 bbl
Light Ends
Washington, USA
Q2, 2019
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Belgium - The Netherlands
567,600
Diesel / Gasoil
ARA
Now / Q1, 2019
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7,900
Chemicals
ARA
Now
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8,500
Chemicals
ARA
Q1, 2019
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7,000
Chemicals
ARA
Q3, 2019
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4,700
Vegoils
Inland
Now
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11,400
Vegoils
ARA
Now/Q1, 2019
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55,000
Dirty Petroleum Products
ARA
Q2, 2019
Click here
North Europe
460,000
Diesel / Gasoil
North Europe
Now
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18,000
Diesel / Gasoil
North Germany
Q1, 2019
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5,927
Chems
Inland Germany
Now
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18,500
Diesel / Gasoil
Inland Germany
Now
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30,000
Light Ends
West Coast UK
Now
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83,000
Diesel / Gasoil
West Coast UK
Now
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13,000
Various Products
West Coast UK
Now
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660,000
Crude
West Coast UK
Q2/Q3, 2019
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360,000
Diesel / Gasoil
West Coast UK
Q2/Q3, 2019
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28,000
Various Products products
East Coast UK
Now
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6,200
Vegoils / Chemicals
East Coast UK
Now
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15,000
MGO / IFO
East Coast Scotland
Now
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100,000
Light Ends FP<60
Ireland
Now
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200,000
Crude
Ireland
Now
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4,500
Various
Denmark
Now
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10,000
Vegoils / Chems
Denmark
Now
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380,000
Diesel / Gasoil
Denmark
Now
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37,079
Dirty Petroleum Products
Sweden
Now
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203,000
Diesel / Gasoil
Sweden
Now
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12,500
Vegoils
Sweden
Now
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15,000
Jet
Sweden
Now
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20,000
Diesel / Gasoil
Norway
Now
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391,000
Diesel / Gasoil
Finland
Now
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4,000
Chemicals
Finland
Now
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48,000
Light Ends FP<60
Lithuania
Now
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140,000
Crude
Estonia
Now
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97,000
Diesel / Gasoil
Estonia
Now
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73,000
Light Ends FP<60
Estonia
Now
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200,000
Crude
Baltics
Now
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23,500
Light Ends FP<60
Latvia
Now
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South Europe | Mediterranean | Black Sea
17,700
Various Products Products
Portugal
Q3, 2018
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40,000
Chemicals
East Spain
Q2, 2019
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400,000
Crude
Spain
Now
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130,000
Biodiesel
Spain
Now
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56,000
Various
NW Spain
Now
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23,000
Vegoils/ Chems
South Spain
Now
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25,000
Dirty Petroleum Products
South Spain
Now
Click here
317,000
Light Ends FP<60
East Spain
Now
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110,000
Diesel / Gasoil
East Spain
Now
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70,000
Diesel / Gasoil
East Spain
April, 2018
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80,000
Diesel / Gasoil
East Spain
Now
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20,000
Dirty Petroleum Products<60
East Spain
Now
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25,000
Dirty Petroleum Products
East Spain
Now
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5,000
Chems
North France - Inland
Now
Click here
2,000
Chems
South France - inland
Now
Click here
220,000
Crude
France
Now
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60,000
Diesel / Gasoil
NW France
Now
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6,000
Chemicals
NW France
Now
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10,000
Vegoils / Chemicals
NW France
Now
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4,000
Light Ends FP<60
NW France
Q2, 2019
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150,000
Diesel / Gasoil
East Med
Now
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300,000
Crude
East Med
Now
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10,000
Chems / petroleum prods
Croatia
Now
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7,500
Chemicals
NE Italy
Now
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15,000
Diesel / Gasoil
NE Italy
Now
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12,000
Light Ends FP >60
NW Italy
Now
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30,000
Various Products
NW Italy
Now
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8,000
Chemicals
NW Italy
Now
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46,000
Diesel / Gasoil
NW Italy
Now
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7,000
Molasses
NW Italy
Now
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9,900
Gasoline
Albania
Now
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30,000
Light Ends FP<60
Georgia
Now
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100,000
Dirty Petroleum Products
Georgia
Now
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45,000
Dirty Petroleum Products
Ukraine, Danube
Now
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30,000
Light Ends FP<60
Ukraine, Danube
Now
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12,000
Dirty Petroleum Products
Ukraine, Danube
Now
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5,000
Vegoils / Chems
Ukraine, Danube
Now
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120,000
Light Ends FP<60
SE Turkey
Now
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45,000
Dirty Petroleum Products
SE Turkey
Now
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12,000
Vegoils
Illichevsk
Now
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5,000
Chems
SW Russia
Now
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20,000
Methanol
SW Russia
Now
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Africa
14,200
Chems, excl. acids
Egypt
Now
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6,000
Vegoils / Chems
Egypt
Now
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10,000
Diesel / Gasoil
Egypt
Now
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2,000
Chemicals
Kenya
Now
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20,000
Chemicals
Tanzania
Now
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55,000
Light Ends FP<60
Ghana
Sept, 2017
Click here
10,000
Gasoline
South Africa
Now
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10,000
Diesel / Gasoil
South Africa
Now
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2,200,000
Crude
South Africa
Now
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Middle East
100,000
Various Products
Gujarat, India
Now
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97,600
Chems
Gujarat, India
Now
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15,000
Bitumen
Gujarat, India
Now
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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
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150,000
Crude
Shangdong
Now
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8,000
Chemicals
South China
Now
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12,5000
Chemicals
North China
Now
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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
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35,000 bbl
Light Ends FP<60
New York USA
Now
Click here
1,520,000 bbl
Dirty Petroleum Products
New York USA
Now
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2,710,000 bbl
Crude
New York USA
Now
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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
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30,000 bbl
Diesel / Gasoil
North Carolina USA
Now
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85,000 bbl
Light Ends FP<60
North Carolina USA
Now
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500,000
Crude
Oklahoma
Now
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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
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600,000
Various Products
Louisiana USA
Q3, 2018
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380,000 bbl
Various Products
Texas, USA
Now
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660,000 bbl
Chemicals
Texas, USA
Now
Click here
Central & South America
350,000 bbl
Crude
Bahamas
Now
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190,000 bbl
Various Products
Puerto Rico
Now
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553,000 bbl
Light Ends FP<60
Colombia (Caribbean)
Now
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7,500 bbl
Vegoils<60
Colombia (Caribbean)
Now
Click here
250,000 bbl
Dirty Petroleum Products
Panama (Atlantic)
Now
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9,000
Dirty Petroleum Products
Argentina
Now
Click here
Article contains 2758 words
Added to TankTerminals.com on: Monday, November 26, 2018 by TankTerminals.com.
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