US gasoil inventories have reached record lows on several occasions this year, giving sustained support to refining margins and retail prices. Current stocks are at the lowest level at the end of October for over 40 years, and yet the US continues to export to Latin America.
Callie Gullett, Inventories Senior Product Manager at Kpler, joined Arthur, Head of Communication & PR, for a chat about her journey and role in the company.
Wholly owned by Saras, the Sarroch refinery is one of the largest in Europe, accounting for over 20% of Italy’s total refining capacity, with maximum throughput of 300 kbd. The refinery delivers much of its output to Italy (25%), Spain (10%) and France (12%), making it a prescient indicator of European oil consumption.
As Cushing, OK stocks continue to trend towards historic lows, having access to the most accurate and timely data on the market is vital. Kpler's Cushing Drone Inventories uses advanced imagery detection and AI, to provide the clearest insights into storage and capacity levels at the WTI delivery hub before the EIA and competitors.
The release of a new grade of oil influences supply and demand. Market players and financial players need to plana head of market movements to minimise potential negative impact and maximise profit. In these circumstances there is always a layer of uncertainty with regards to how these events can unfold. Here we will look at Iraq's Basrah Medium as an example and what happened in similar past events and how players can prepare ahead.