Global spot fixtures fell sharply in April, with fixtures down by almost 5 mb/d, or 35%, m-o-m, to average 9.3 mb/d. Compared with April 2023, global spot fixtures were down by 4.
9 mb/d, or over 34%. OPEC spot fixtures averaged 6.6 mb/d in April, representing a drop of 3.
7 mb/d, or 36%. Compared with the same month last year, fixtures declined by about 3.1 mb/d, or 32%.
Middle East-to-East fixtures declined 1.6 mb/d, or almost 27%, to average 4.4 mb/d.
Compared with the same month in 2023, fixtures on the Middle East-to-East route fell by about 1.4 mb/d, or over 24%. Spot fixtures on the Middle East-to-West route declined by 0.
6 mb/d, or about 49%, m-o-m, to average 0.6 mb/d. Fixtures were also down 0.
6 mb/d or 51%, y-o-y. Fixtures on routes outside the Middle East fell 1.5 mb/d, or 48%, m-o-m, to average 1.
6 mb/d. Compared with the same month of 2023, fixtures were 1.1 mb/d, or 41%, lower.
OPEC sailings increased by 0.9 mb/d, or over 4%, m-o-m, to average just under 22 mb/d in April. Compared with the same month in 2023, OPEC sailings were broadly unchanged.
Middle East sailings averaged 17.5 mb/d in April, representing an increase of 0.4 mb/d, or about 2%, m-o-m.
Y-o-y sailings from the region declined by 0.2 mb/d, or 1%. Crude arrivals increased again in all monitored regions.
North American arrivals rose 0.7 mb/d, or about 8%, to average 9.5 mb/d.
Compared with April 2023, North American arrivals were 0.4 mb/d, or over 4%, lower. Arrivals to Europe edged up by about 0.
1 m.