Fuel stocks and strategic reserves and Tankers, barges and fuel trucks

Energy flows from tankers, barges and fuel trucks to fuel stocks and strategic reserves; energy flows from fuel stocks and strategic reserves to tankers, barges and fuel trucks; their prices have moved together.

Fuel stocks and strategic reserves (energy) and Tankers, barges and fuel trucks (energy): 3 relationships.

How they are linked

1. Energy flow

Physical flow · Direct · Tankers, barges and fuel trucks → Fuel stocks and strategic reserves

Tankers and trucks fill storage tanks and depots.

2. Energy flow

Physical flow · Direct · Fuel stocks and strategic reserves → Tankers, barges and fuel trucks

Stored fuel is drawn down into trucks and ships.

3. Price link: floating storage

Cost and price · Moderate · Both ways

When storage on land fills during a glut, traders store oil in tankers, which lifts freight rates. The freight proxy shows little monthly link, at 0.16, and a moderate yearly one, at 0.50.

• 0.16 monthly change correlation
• 0.50 12-month change correlation
• 0.21 fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.