Kpler Crude Oil Interesting Moves (Released on 2 November 2016)

Europe, Middle East & Africa

North West Europe
North western Europe imports reached 3600 kbd avg. in October. This is the highest import figure of the year in a monthly basis.

North West Europe total seaborne imports (kbd)
  • One of the reasons is that crude coming from Arab gulf also peaked in October. Below, NWE imports from the 6 Middle East OPEC members and Egypt (mainly Sidi Kerir terminal):
NWE imports from Saudi Arabia, Iran, Iraq, Qatar, Kuwait, UAE and Egypt  (by country)
  • Moreover, crude flows from Russia to NWE have recovered over the last few months mainly driven by oil coming from UMBA FSO and CPC terminal:
NWE imports coming from Russia (by intallation)
  • Finally, we have also seen Brazilian crude oil arriving to ARA and UK in the second half of the year. 5 Suezmax discharged in NWE in 2016:
July: Storviken (Unload point: BP Rotterdam)
September: Densa Orca and Delta Mariner (Unload points: TEAM Rotterdam and MOT Rotterdam)
October: Delta Sky and Chios (Unload points: Tetney UK and MOT Rotterdam)
Floating storage
  • VLCCs Devon, Dore and Destiny left Iranian floating storage on October-27 and are now anchored at Fujairah with drafts of 20.6, 20.9 and 18.2 meters, respectively.

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