Refining and reforming and Tankers, barges and fuel trucks

Energy flows from tankers, barges and fuel trucks to refining and reforming; energy flows from refining and reforming to tankers, barges and fuel trucks; their prices have moved together.

Refining and reforming (energy) and Tankers, barges and fuel trucks (energy): 3 relationships.

How they are linked

1. Energy flow

Physical flow · 41% of flow · Tankers, barges and fuel trucks → Refining and reforming

Tankers ship crude across oceans to refineries.

• 41% of Tankers, barges and fuel trucks's energy goes this way

2. Energy flow

Physical flow · 90% of flow · Refining and reforming → Tankers, barges and fuel trucks

Products leave refineries by tanker, barge and truck.

• 90% of Refining and reforming's energy goes this way

3. Price link: fuel and cargo

Cost and price · Strong · Both ways

Refineries supply bunker fuel and ship products such as diesel and naphtha by tanker. The refinery products index leads the freight proxy by about three months, and yearly moves correlate at 0.63.

• 0.17 monthly change correlation
• 0.63 12-month change correlation
• 0.34 fitted elasticity

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