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Rare US-Australia Gasoline Flow Emerges: Argus

OIL PRODUCTS

Rare gasoline flows from the US-Australia have emerged and are expected to arrive Feb-March, market participants told Argus.

  • The STI Madison, Midnight Glory, and Gas are transporting around 1.25m bbl of gasoline from the US to Australia.
  • The Mideast Glory could move around 270k bbl of gasoline to Kwinana city in mid-Feb, according to Vortexa data.
  • The flow is atypical and was last workable earlier in December when freight levels were lower and US supplies were higher.
  • A source told Argus that there were no gasoline imports from the US to Australia from July 2020-Nov. 2023.
  • Most of Australia’s gasoline imports come from Singapore.
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