European oil products market signposts: ships sitting in Southwold

We take a closer look at what will change the supply/demand balance in the weeks ahead.

1 minute read

Oil floating storage in Northwest Europe is a key signpost to watch for improvements in European oil demand. We take a closer look at diesel floating storage in the region and shipping flows that will change the supply/demand balance in the weeks ahead.

In this weekly review, we assess:

  • the changes in floating storage, in particular off the east coast of the UK near Southwold
  • the implications this has for the European distillates market
  • how Genscape's proprietary monitoring data has detected related changes in the European diesel trade flows

Genscape's near-term proprietary data will continue to provide the evidence base for Wood Mackenzie's higher frequency, short-term European supply forecasts. Monitoring the flow changes, storage volumes and refinery production will continue to form the basis of Wood Mackenzie's pricing analysis.

Please fill out the form on this page to download a complimentary copy of this week’s insight into the fast-changing European oil products markets.

Wood Mackenzie's Genscape team delivers real-time and historical data, forecasts, analytical insight, tools, and software solutions leveraging a combination of unique data collection techniques, data science, and a team of experienced energy market analysts. Find more of their work at www.genscape.com

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