Crude logistics battle: Freight expenses shape the race to west coast refineries
The US west coast is almost exclusively a crude import market. It is geographically more isolated from other key trading regions, limiting the number of naturally positioned vessels on the coast and creating a restrictive market among shipowners. The battle for crude logistics is heating up as freight expenses shape the race to supply US west coast refineries. Even a few cents per barrel can make all the difference in deciding which crude grade wins.
Our new Insights paper examines the freight dynamics impacting the US west coast crude imports and draws from Argus' tanker freight rates analysis. The main topics are:
- Crude tanker rates to the west coast US
- Freight volatility's impact on refineries
- Supply balance
- Emerging trades for the US west coast
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About Argus Media
As a leading authority on energy and commodity markets across the globe, Argus is uniquely positioned to provide in-depth analysis and expert thought leadership. Our white papers are carefully written by Argus specialists from across our company. Each white paper focuses on a topical theme, exploring areas such supply and demand dynamics, price trends, trading activity and changing regulations. We always aim to provide a balanced view, underpinned by data and insight gathered first hand from the market.