TankTerminals.com - Tank Storage Market Briefing, Tank Storage Availability Worldwide - Week 48

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.

Capacity (m3)	Product	Location	Available from	Enquire for Storage
Tank Storage Availability Worldwide
New
159,400	Light Ends	ARA	Now / Q1, 2019	Click here
100,000	Dirty Pet Prods	Denmark	Now	Click here
238,000 bbl	Dirty Petroleum Products	Texas, USA	Now	Click here
50,000 bbl	Light Ends	Washington, USA	Q2, 2019	Click here
Belgium - The Netherlands
567,600	Diesel / Gasoil	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
10,000	Vegoils / 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
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

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Added to TankTerminals.com on: Monday, November 26, 2018 by TankTerminals.com.

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