Kpler OIL Interesting moves (Released on 13 December 2016)

Europe, Middle East & Africa

North Sea

Main export terminals in the North Sea have reached one of their highest export levels of the year in November. Hound Point, Sture, Teesside and Sullom Voe shipped more than 28 million barrels of crude to the world market:

Hound Point, Sture, Teesside & Sullom Voe shipments (million barrels)
  • 4.2 million barrels were shipped to Asia via VLCC’s:
  • 3 VLCC’s already loaded at Hound Point in December. Two of them are heading Asia, the third has been waiting close to Dumbraton bay:
  • Petrochina and UNIPEC have been increasing US crude shipments to Asia:

 

Asia

China’s custom import figure came out on Dec 8th. 21,044 kt were imported in November which is 3.1% above what Kpler measured. Below, our historical comparison with Chinese customs:

Kpler and Custom’s figures comparison – China (kbd)
        *Assumption: 575 kbd imports by pipeline
blog-orange-line