OPEC’s March report showed significant discrepancies for Saudi Arabia February production between direct communication and secondary source numbers (-68 kbd vs Jan according to secondary sources, +263 vs Jan based on direct communication).In the export side, our data shows that Saudi Arabia slightly decreased their supply to the international markets. Feb exports were 96 kbd lower than Jan exports.
- VLCC British Vantage received approx. 2 million barrels of crude at Southwest lightering zone. Vessels involved were:
- VLCC Ingrid is currently performing STS operations in Galveston offshore area. She already received approx. 1.2 million barrels of crude from Eagle Stavanger and Eagle Turin on Mar.10 and Mar.13. Both loaded their cargo at Koch Ingleside, Corpus Christi.
CPC to Asia
Last month saw CPC cargos to Asia reached very high levels, close to 200 kbd. Our data shows that many tankers already loaded and signaled a final destinations in Asia. Moreover, according to data, other cargoes were already fixed for CPC/Asia voyages in March.