U.S. Top Export Terminals
Since December 2016, Kpler data revealed 17 terminals exporting U.S. crude from Houston, Corpus Christi and New Orleans and Port Arthur ports. Five of these ports accounted for more than 50% of all U.S. seaborne exports of crude, as shown below:
Oxy Ingleside is the terminal exporting the highest quantities of crude oil. It began operations in October 2016 and has since reached levels of 210 kbd in April and 180 kbd in May. Initial Kpler estimates hold that June exports from Oxy Ingleside should end the month in the 200 kbd range, if loadings continue at the same pace.
The VLCC Anne entered Corpus Christi port earlier this year to perform compatibility tests. Local news stations reported that Anne loaded approximately 1 million barrels at port. However, Kpler system confirmed that she actually loaded a full cargo of heavy crude in Venezuela with a destination of Zhanjiang, China.
North sea floating storage
BFOE floating storage slightly increased close to 8 million barrels aboard 6 Aframax and 2 VLCCs. These vessels are holding:
- 6.2 million barrels of Forties
- 1.2 million barrels of Ekofisk
- 600 thousand barrels of Oseberg
In June, 1 VLCC already loaded at Hound Point, and 3 more VLCCs signaled Hound point with a June ETA.