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Global Crude Oil Landscape & Shifting West African Crude Flows

Understand the potential regional supply & price impacts of increased West African crude flows to Asian & Mediterranean markets


Genscape reported a sharp increase in crude flows from West Africa to both the Indian Sub-Continent and the Mediterranean for the month of April 2015. West African crude flows can often impact regional supply, demand, and prices at their destinations.

Final destination by region for West African crude flows
Genscape data shows exports of WAF crudes to India increased by 50 percent from March - April 2015. Click to enlarge

While factors other than price can impact crude flows, this specific, significant shift in flow patterns suggests that West African crude prices were more competitive than those for Persian Gulf crudes for the month of April.

In this Analyst Insight Series, Genscape provides data and analysis that explains these trends, their impacts, and what can be inferred from them.

In this Analyst Insight Series, you will find:

  • Supply commentary and analysis of anomalies, market trends, and changes throughout April 2015
  • A tally of crude loadings by country in the West Africa region
  • A tally of crude cargo destinations
  • A full listing of vessels loaded and on the water
  • A comparison of reported program listings to Genscape data
  • Month-to-month comparisons of crude oil flows

Since the U.S. has become less dependent upon crude imports from West Africa due to the shale gas revolution, crude flows from the region are constantly shifting among other key markets around the world, most notably Europe and Asia.  By monitoring the flow of West African crude, traders and analysts can infer important information about the state of global crude markets.

Genscape's African Waterborne Crude Report provides traders and analysts with insight and analysis to better forecast short-term price shifts by enabling them to anticipate the arrival of crude from West Africa. The data and analysis found in this Analyst Insight Series comes from the monthly supplement to the African Waterborne Crude Report. Click here to learn more or request a trial.

Please fill out the form on the right to access analyst insight from the May 2015 African Waterborne Crude Report.

Feel free to reach out to marketingteam@genscape.com with any questions.