Tank Storage Market Briefing, Tank Storage Availability Worldwide - Week 48
11.26.2018 - NEWS

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 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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