December 17, 2018 [TankTerminals.com] - Market Overview: Crude & Gasoline. Storage Opportunities: Light Ends, Chemicals (ARA).
Secure competitive tank storage deals, even if you don’t have the required know-how and time. Learn how.
Market Overview: Crude
Oil slid further the last few weeks on the supply and demand outlook for 2019 due to the US/China trade war and a weaker economic outlook. The crudes and equities moved lower hand in hand. Brent nosedived below 60 USD/bbl and WTI could barely keep its head above 50 USD/bbl.
Both benchmarks lost more than 30% of its value since October. The OPEC cut only delivered short term relief with a dead cat bounce last Friday. OPEC will reduce oil production by a total of 800,000 bpd, while non-OPEC nations, led by Russia, are reportedly adding another 400,000 bpd of cuts, for a total of 1.2 million bpd OPEC+ production cut. Brent is showing a minor contango now all the way out to July 2019. WTI is weaker with a contango of around 1.70 USD/bbl up to Dec19. Even with flat price taking a beating, the curve has held up reasonably well.
Market Overview: Gasoline
The European gasoline market is weak at the front and the contango is running out to June 2019 and is now roughly at 55 USD/MT. A lot of market players have locked in the play and as an effect, summer spec is in high demand and hard to source so a profitable contango game seems harder than it looks at first sight if you take storage and financing into account as well. The US market shows a more steep contango curve, which makes life a little easier.
| Tank Storage Availability Worldwide | ||||
| Capacity (m3) | Product | Location | Available from | Enquire for Storage |
|---|---|---|---|---|
| New | ||||
| 159,400 | Light Ends | ARA | Now / Q1, 2019 | Click here |
| 4,900 | Chemicals | ARA | Now | Click here |
| 5,500 | Chemicals | ARA | Q1, 2019 | Click here |
| Belgium – The Netherlands | ||||
| 522,100 | Diesel / Gasoil | ARA | Now / Q1, 2019 | Click here |
| 7,000 | Chemicals | ARA | Q3, 2019 | Click here |
| 4,700 | Vegoils | Inland | Now | Click here |
| 10,000 | Biodiesel | ARA | Q3, 2019 | Click here |
| 55,000 | Dirty Petroleum Products | ARA | Q2, 2019 | Click here |
| North Europe | ||||
| 460,000 | Diesel / Gasoil | North Germany | Now | Click here |
| 18,000 | Diesel / Gasoil | North Germany | Q1, 2019 | Click here |
| 3,500 | Diesel / Gasoil | Inland Germany | Now | Click here |
| 4,740 | Chems | 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 |
| 14,000 | Various | East Coast UK | Now | Click here |
| 15,000 | Various | East Coast UK | Q4, 2019 | Click here |
| 5,000 | 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 |
| 100,000 | Dirty Pet Prods | 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 |
| 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 | ||||
| 320,000 | Light Ends | California USA | Now | Click here |
| 150,000 | Light Ends | California USA | Q2, 2019 | Click here |
| 20,000 | Chemicals | California 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 |
| 100,000 bbl | Diesel / Gasoil | New Jersey USA | Now | Click here |
| 20,000 | Chemicals | New York, USA | Now | Click here |
| 50,000 bbl | Chems | New Jersey USA | Now | Click here |
| 50,000 bbl | Light Ends | Washington, USA | Q2, 2019 | Click here |
| 76,000 | Dirty Petroleum Products | Maryland USA | Now | Click here |
| 20,000 bbl | Chemicals | South Carolina, USA | Now | Click here |
| 570,000 bbl | Various Products | Georgia USA | Now | Click here |
| 265,000 bbl | Chemicals | Louisiana USA | Now | Click here |
| 210,000 | Various Products | Texas, USA | Now | Click here |
| 194,000 | Chemicals | Texas, USA | Now | Click here |
| 100,000 bbl | LPG | New Hampshire, 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 |
