Where export constraints emerge
Pipeline access, terminal capacity and vessel handling can determine whether an export opportunity is executable.
Export economics depend on more than available crude. Pipeline schedules, storage, terminal access, draft limits, weather and vessel availability can each restrict a loading program.
The terminal interface
A cargo may require direct loading, partial loading or lightering, depending on the terminal and vessel. Each option carries different timing, cost and operational considerations.
From indication to execution
An apparent regional price difference is not necessarily a realizable margin. Scheduling, freight, losses, fees and contractual terms must be tested against current operational information.
This commentary is provided for general information only and does not constitute an offer, solicitation, or recommendation to buy or sell any commodity or financial instrument.