December 04, 2017 [TankTerminals.com] - Market Brief: Oil Market & OPEC. New Storage Opportunities: Amsterdam, Germany, Georgia, Puerto Rico, Argentina.
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Market Brief: Oil Market & OPEC
The oil market is keeping an eye on Vienna today as OPEC is gathering to discuss a rollover of the production cuts of 1.2MM bbl implemented last year. Unofficially OPEC has agreed to prolong the agreement by another 9 months but the closed door session hasn’t ended yet at the time of writing this report.
Anything less, would disappoint the bulls and will lead to a price drop. An outage at the 590k bbl Keystone pipeline in the US supported the oil price in the 2nd half of November and front WTI spreads went into backwardation. Currently spreads are back in contango again as TransCanada announced a restart on the 27th, much sooner than expected. Front Brent spreads have been in a steady backwardation for some time now.
The front Gasoil market shows a small contango again after heavy backwardation induced by refinery outages due to hurricane Harvey. However, supplies are ample again, leading to this 2 to 3 USD contango in the 1st three months. On fuel, bunker demand across ARA is not great.
For Asia, so far two VLCC’s have been booked for December and if they stay at this number, fuel will come under more pressure. In general, most storage players are giving back their bigger size distillates and fuel oil tanks. Smaller tank demand is still healthy as blending margins work nicely. Crude oil tanks are also in demand.
Secure competitive tank storage deals, even if you don’t have the required know-how and time. Learn how.
| Tank Storage Availability Worldwide | ||||
| Capacity (m3) | Product | Location | Available from | Enquire for Storage |
|---|---|---|---|---|
| New | ||||
| 40,000 | Gasoil | Amsterdam | Now | Click here |
| 35,000 | Gasoline | Amsterdam | Q4, 2018 | Click here |
| 100,000 | Distillates | Amsterdam | Q3, 2018 | Click here |
| 5,100 | Chems/prods, s/s, FP>55c | Germany, River Rhine | Now | Click here |
| 30,000 | Clean Petroleum Products | Georgia | Now | Click here |
| 1100,000 | Crude / DPP | Georgia | Now | Click here |
| 190,000 bbl | Chems / Petroleum prods | Puerto Rico | Now | Click here |
| 4,000 | Fuel oil | Argentina | Now | Click here |
| 10,000 | Clean Petroleum Products | Argentina | Now | Click here |
| 5,000 | Veg oil / Easy chems / CPP | Argentina | Now | Click here |
| 1,600 | Fuel oil | Argentina | Now | Click here |
| Belgium – The Netherlands | ||||
| 7 – 70,000 | Fuel oil | Antwerp | Now | Click here |
| 5,000 | Diesel / Chemicals | Belgium | Now | Click here |
| 3,700 | Diesel / Gas oil | Belgium | Now | Click here |
| 10,000 | Diesel / Gasoil | Belgium | Q4, 2017 | Click here |
| 5,000 | Chems no heat | Belgium | Now | Click here |
| 3,200 | Easy Chemicals | Belgium | End 2017 | Click here |
| 6,000 | Easy Chemicals | Belgium | Now | Click here |
| 30,000 | Clean Petroleum Products | Belgium | Now | Click here |
| 100,000 | Light ends / Jet | Rotterdam | Now | Click here |
| 130,000 | Clean Petroleum products | Rotterdam | Now | Click here |
| 60,000 | Gasoline | Rotterdam | Nov, 2017 | Click here |
| 60,000 | Diesel | Rotterdam | Now | Click here |
| 200,000 | Fuel oil | Rotterdam | Now | Click here |
| 8,000 | Fuel oil | Rotterdam | Now | Click here |
| 180,000 | Clean petroleum products | Rotterdam | Now | Click here |
| 5,000 | Chems | Rotterdam | Now | Click here |
| 5,000 | Vegoils/chems | Rotterdam | Now | Click here |
| 5,000 | Chems, s/s heated | Rotterdam | November, 2017 | Click here |
| 10,800 | Chems, s/s heated | Rotterdam | January, 2018 | Click here |
| 7,900 | Vegoil (no heat) | Rotterdam | Now | Click here |
| 12,350 | Gasoil | Amsterdam | Jan, 2018 | Click here |
| 250,000 | Diesel / Gasoil | Amsterdam | Now | Click here |
| 110,000 | Fuel oil / VGO | Amsterdam | Now | Click here |
| 14,000 | LPG | Amsterdam | Jan, 2018 | Click here |
| 4,000 | Chems | Netherlands | Now | Click here |
| 10,000 | Bitumen | Netherlands | Now | Click here |
| 13,000 | Biodiesel | Netherlands | Now | Click here |
| 14,000 | Biodiesel | Netherlands | Now | Click here |
| 2,200 | Vegoil, Easy Prods | Netherlands | Now | Click here |
| 5,900 | Petroleum / Chems (high flash >55c) | Netherlands | Now | Click here |
| 400 | Products >100c, heating | Netherlands | Now | Click here |
| North Europe | ||||
| 100,000 | Crude | Germany | Now | Click here |
| 2,487 | Prods FP>60c | Germany, River Rhine | Now | Click here |
| 2,000 | Prods FP>60c | Germany, River Rhine | 2 months notice | Click here |
| 15,000 | Gasoil | Germany | now | Click here |
| 17,000 | Fuel Oil | Germany, Bremen | Q2, 2018 | Click here |
| 8,000 | Chems / Prods/ Veg / Fuel oil/ Naphtha | West Coast UK | Now | Click here |
| 6,000 | Rubber lined tank | West Coast UK | Now | Click here |
| 2,500 | Vegoil / Easy prod / Marine fuels | West Coast UK | Now | Click here |
| 5,000 | Chemicals | East Coast UK | Now | Click here |
| 28,000 | Various prods | East Coast UK | Now | Click here |
| 15,000 | Gasoil | East Coast UK | now | Click here |
| 24,000 | Diesel / Naphtha | East Coast UK | Now | Click here |
| 4,000 | Vegoil / easy chems | East Coast UK | Now | Click here |
| 15,000 | MGO / IFO | East Coast Scotland | Now | Click here |
| 100,000 | Crude | Ireland | Now | Click here |
| 100,000 | Light Ends | Ireland | Now | Click here |
| 2,200 | Low flash | Denmark | Now | Click here |
| 7,000 | Biofuels / Vegs / Easy chems | Denmark | Q4, 2017 | Click here |
| 155,000 | Distillates / Gasoil | Denmark | Q1, 2018 | Click here |
| 65,000 | Gasoil | Denmark | Q3, 2018 | Click here |
| 12,500 | Vegoils | Sweden | Now | Click here |
| 1,800 | Vegoils | Sweden | Now | Click here |
| 106,000 | Distillates / Gasoil (caverns) | Sweden | Now | Click here |
| 412,500 | Heavy Fuel oil / VGO (caverns) | Sweden | Now | Click here |
| 408,000 | Diesel (caverns) | Sweden | 1 month notice | Click here |
| 24,000 | Distillates | Finland, Kemi | Now | Click here |
| 48,000 | Gasoline / Components | Lithuania | Q1, 2018 | Click here |
| 60,000 | Crude | Estonia | Now | Click here |
| 80,000 | Crude | Estonia | Now | Click here |
| 12,500 | Methanol | Estonia | Now | Click here |
| 34,000 | Gasoline / Diesel / Jet | Estonia | Sept, 2017 | Click here |
| 20,000 | Gasoline / Diesel / Jet | Estonia | Sept, 2017 | Click here |
| 10,050 | Vegoils / Fertilizers | Poland | Now | Click here |
| 20,000 | Petroleum Prods (Heated, low flash) | Kaliningrad, Russia | Now | Click here |
| 15,000 | Clean | Kaliningrad, Russia | Now | Click here |
| 23,500 | Naphtha / Gasoline / Kerosene | Latvia | Now | Click here |
| 4,500 | Bitumen / High Flash Black Products | Latvia | now | Click here |
| 20,000 | Methanol | Latvia | Now | Click here |
| South Europe | Mediterranean | Black Sea | ||||
| 17,700 | Clean prod, chemicals | Portugal | Q3, 2018 | Click here |
| 3,600 | Biofuels, Vegoils, Easy Chems | NW Spain | Now | Click here |
| 50,000 | Heated tanks | NW Spain | Aug, 2017 | Click here |
| 20,000 | Veg oil / Fertilizers / Easy prods | South Spain | Now | Click here |
| 23,000 | Chems / Veg oils / Easy prods | South Spain | Now | Click here |
| 25,000 | Fuel oil/ VGO | South Spain | Jan, 2018 | Click here |
| 30,000 | Gasoil / Bio Diesel | South Spain | Now | Click here |
| 110,000 | Diesel | East Spain | Now | Click here |
| 100,000 | Light ends / Jet | NE Spain | Now | Click here |
| 121,000 | Clean petroleum products | NE Spain | Now | Click here |
| 17,000 | Clean petroleum products | NE Spain | Now | Click here |
| 7,500 | Chems, heated | NE Spain | Now | Click here |
| 52,000 | Clean petroleum products | East Spain | January, 2018 | Click here |
| 50,000 | Clean petroleum products | East Spain | Q1, 2018 | Click here |
| 5,000 | Easy Chems / Vegoils | NW France | Now | Click here |
| 1,600 | Chems | NW France | Now | Click here |
| 2,000 | Easy Chems | NW France | Now | Click here |
| 5,000 | Chems | North France – inland | Now | Click here |
| 1,500 | Chems | South France – inland | Now | Click here |
| 10,000 | Chems / petroleum prods | Croatia | Now | Click here |
| 7,500 | Chemicals | NE Italy | Jan, 2018 | Click here |
| 15,000 | Gasoil | NE Italy | Jan, 2018 | Click here |
| 30,000 | Diesel / Veg oil / Edible | NW Italy | Now | Click here |
| 8,000 | Chemicals | NW Italy | Now | Click here |
| 25-30,000 | Gasoil | NW Italy | Now | Click here |
| 7,000 | Molasses | NW Italy | Sept, 2017 | Click here |
| 22,000 | Vegoil / Diesel (no heating) | Albania | Now | Click here |
| 9,900 | Gasoline | Albania | Now | Click here |
| 12,000 | DPP / Black Prods | Ukraine, Danube | Now | Click here |
| 33,000 | DPP / Black Prods | Ukraine, Danube | Now | Click here |
| 30,000 | CPP | Ukraine, Danube | Now | Click here |
| 12,000 | Fuel oil (heating) | Ukraine, Danube | Now | Click here |
| 5,000 | Vegoils / Chems | Ukraine, Black Sea | Now | Click here |
| 12,000 | Veg oil/biodiesel | Illichevsk | Now | Click here |
| 5,000 | Base oils / Easy chems | SW Russia | Now | Click here |
| 20,000 | Methanol | SW Russia | Now | Click here |
| Africa | ||||
| 14,200 | Chems, excl. acids | Egypt | Now | Click here |
| 2,000 | Chemicals | Kenya | Now | Click here |
| 12,000 | Chemicals | Tanzania | Now | Click here |
| 6,000 | Easy chems / veg / edible | Egypt | Now | Click here |
| 10,000 | Petroleum products | Egypt | Jan, 2018 | Click here |
| 500,000 | Crude | South Africa | Now | Click here |
| 55,000 | Diesel / gasoline | Ghana | Sept, 2017 | Click here |
| Middle East | ||||
| 20,000 | Easy chems | Gujarat, India | Now | Click here |
| 20,000 | Base oils | Gujarat, India | Now | Click here |
| 15,000 | Bitumen / High flash black products | Gujarat, India | Now | Click here |
| 3,800 | Easy chems | Gujarat, India | Now | Click here |
| 6,400 | Easy chems | Gujarat, India | Now | Click here |
| 100,000 | Various products/tank sizes | Gujarat, India | Now | Click here |
| 60,000 | Gasoil/various | Gujarat, India | Now | Click here |
| 14,200 | Veg oil/ easy chems / cpp | Gujarat, India | Now | Click here |
| 30,000 | Chems/ Ethanol | Gujarat, India | Now | Click here |
| 40,000 | Gas oil / various | Gujarat, India | Now | Click here |
| 3,200 | Chemicals | Gujarat, India | Now | Click here |
| 87,000 | Gasoline | UAE | Sept, 2017 | Click here |
| 11,213 | Easy chems | UAE | Now | Click here |
| 160,000 | Gasoil / fuel oil | UAE | Now | Click here |
| 153,000 | Gasoil | UAE | Now | Click here |
| 140,000 | Fuel oil / gasoil | UAE | Now | Click here |
| 129,200 | Fuel oil / gasoil | UAE | Now | Click here |
| 70,000 | Fuel oil / gasoil | UAE | Now | Click here |
| min 44,000 | Fuel oil | UAE | Now | Click here |
| min 19,000 | Gasoil | UAE | Now | Click here |
| 15,482 | Base oils / easy chems | UAE | Now | Click here |
| 9,100 | Base oil | UAE | Now | Click here |
| 25,000 | Gasoil / Fuel oil / Base oil | UAE | Now | Click here |
| 20,000 | Fuel oil / gasoil / naphtha | UAE | Now | Click here |
| 20,000 | Gasoil / various | UAE | Now | Click here |
| 220,000 | CPP / Gasoline / Diesel | UAE | Now | Click here |
| 74,000 | Gasoil / Fuel oil / Bitumen / Petrochemicals | UAE | Sept, 2017 | Click here |
| 4,180 | Clean prods / Llow Flash Chems | UAE | Now | Click here |
| Far East Asia | ||||
| 80,000 | CCP | South China | Now | Click here |
| 100,000 | Fuels | South China | Now | Click here |
| 200,000 | Fuel oils | North China | Now | Click here |
| 3,000 | Bio/Edible oils | North China | Now | Click here |
| 10,000 | Chemicals | North China | Now | Click here |
| 150,000 | Fuel oil | Greater Ningbo | Dec, 2017 | Click here |
| 300,000 | Crude (heating/jetty 300k DWT) | Shandong | Now | Click here |
| 150,000 | Crude (heating/jetty 120k DWT) | East China | Now | Click here |
| 100,000 | Clean petroleum prods | Yangtze River / East China | Now | Click here |
| 20,000 | Chemicals | Yangtze River | Now | Click here |
| 3,000 | Chemicals (s/s, heating, n2) | Yangtze River | Now | Click here |
| 5,000 | Biofuels | Yangtze River | Now | Click here |
| 10,000 | Chemicals | Greater Ningbo | Now | Click here |
| 10,000 | Chemicals | South China | Oct, 2017 | Click here |
| 3,300 | Chemicals | South Korea | Now | Click here |
| 5,300 | Chems / Ethanol | South Korea | Now | Click here |
| 6,600 | Chems / Ethanol | South Korea | Now | Click here |
| 2,500 | Light ends (no heating) | South Korea | Now | Click here |
| 38,000 | CPP / Gasoline / Diesel / Jet | South Korea | Now | Click here |
| 38,000 | CPP / Gasoline / Diesel / Jet | South Korea | Now | Click here |
| 50,000 | CPP / Gasoline / Diesel / Jet | South Korea | Sept, 2017 | Click here |
| 148,000 | CPP / Gasoline / Diesel / Jet | South Korea | Now | Click here |
| 90,000 | Fuel oil | Malaysia | Now | Click here |
| 10,000 | CPP / Gasoline / Diesel / Jet | Singapore | Now | Click here |
| 200,000 | Fuel oil | Singapore | Now | Click here |
| 100,000 | Gasoline / jet | Gr. Singapore | Now | Click here |
| 250,000 | Gasoil | Gr. Singapore | Now | Click here |
| 55,000 | Fuel Oil | Gr. Singapore | Sept, 2017 | Click here |
| 70,000 | Gasoil / various | Gr. Singapore | Feb, 2018 | Click here |
| 200,000 | Fuel oil | Gr. Singapore | Jan, 2018 | Click here |
| North America | ||||
| 20,000 bbl | Bio diesel | California USA | Now | Click here |
| 456,000 bbl | Petroleum / Chem / Veg / Bio / Asphalt | Ohio USA | Now | Click here |
| 35,000 bbl | Easy chems/veg oils | Pennsylvania USA | Now | Click here |
| 25,000 bbl | Chems | Pennsylvania USA | Now | Click here |
| 35,000 bbl | Clean Petroleum products | New York USA | Now | Click here |
| 1,520,000 bbl | Heavy oil | New York USA | Now | Click here |
| 2,710,000 bbl | Light crude | New York USA | Now | Click here |
| 50,000 bbl | Chems | New Jersey USA | Now | Click here |
| 50,000 bbl | Chems | Philadelphia | Now | Click here |
| 24,000 bbl | Easy chems/veg oils | Maryland USA | Now | Click here |
| 20,000 bbl | Chems clean | South Carolina, USA | Now | Click here |
| 100,000 bbl | Chemicals / Clean prod | South Carolina USA | Oct, 2017 | Click here |
| 24,000 bbl | Gas oil / various | Georgia USA | Oct, 2017 | Click here |
| 50,000 bbl | Gas oil / various | Georgia USA | Oct, 2017 | Click here |
| 155,000 bbl | Gas oil / various | Georgia USA | Oct, 2017 | Click here |
| 289,000 bbl | Easy chems/veg oils | Georgia USA | Now | Click here |
| 20,000 bbl | Easy chems/veg oils | Florida USA | Now | Click here |
| 1,500,000 bbl | CCP / Chems / Base oils | Louisiana USA | Jan, 2018 | Click here |
| 200,000 bbl | Base oils | Louisiana USA | Jan, 2018 | Click here |
| 55,000 bbl | CCP / chems | Louisiana USA | Now | Click here |
| 50,000 bbl | CCP / chems | Louisiana USA | Q1, 2018 | Click here |
| 43,000 bbl | CCP / chems | Louisiana USA | Now | Click here |
| 30,000 bbl | Chemicals / Petroleum products | Louisiana USA | Now | Click here |
| 110,000 bbl | Chems / Clean prods | Texas, USA | Now | Click here |
| 238,000 bbl | Fuel oil | Texas USA | Q1, 2018 | Click here |
| 140,000 bbl | Chemicals | Texas USA | Now | Click here |
| 25,000 bbl | Easy chems | Texas USA | Now | Click here |
| 416,000 bbl | Easy chems | Texas USA | Now | Click here |
| 50,000 bbl | Base oils | Texas USA | Now | Click here |
| 30,000 bbl | Base oils | Texas USA | Now | Click here |
| 100,000 bbl | Chems / Clean prods | Texas, USA | Now | Click here |
| 110,000 bbl | Chemicals / CPP | Texas USA | Now | Click here |
| 195,000 bbl | Chemicals / CPP | Texas USA | Now | Click here |
| 66,000 bbl | Chemicals / CPP | Texas USA | Now | Click here |
| 43,000 bbl | Chemicals / CPP | Texas USA | Now | Click here |
| 30,000 bbl | Distillates | Wilmington | Now | Click here |
| 85,000 bbl | Gasoline | Wilmington | Now | Click here |
| 450,000 | Dirty Heated | Baltimore | Now | Click here |
| 250,000 bbl | Distillates | Pennsauken | Now | Click here |
| 280,000 bbl | Dirty Heated | Chesapeak | Now | Click here |
| 20,000 | Distillates | Chesapeak | Now | Click here |
| Central & South America | ||||
| 210-500,000 bbl | Gasoline / crude | Colombia (Caribbean) | Now | Click here |
| 53,000 bbl | Gasoil / Gasoline | Colombia (Caribbean) | Now | Click here |
| 145,000 bbl | Fuel oil | Panama (Atlantic) | Now | Click here |
| 35,000 bbl | Fuel oil | Panama (Balbao) | end July, 2017 | Click here |
| 5,000 | Veg oil / Easy chems /CPP | Argentina | Now | Click here |
