Trade / Value chains / Crude oil → refined products
Value chain · Crude oil → refined products · chain momentum

−8.1%

Wellhead → tanker → refinery → product exports. Latest readings: crude oil output down 4.6%; exporters' tanker shipments down 24.7%; refinery crude intake down 8.1%; refined product exports up 5.1%. Brent crude price: 102.0 US$ per barrel (+50.9% y/y, 2026-09).

Extract−4.6%
Ship−24.7%
Refine−8.1%
Export+5.1%

The chain, stage by stage

Chain momentum: simple average of the stage readings (13 weeks y/y for weekly port data, 3 months y/y for monthly releases). Readings older than 4 months are shown but not scored. Price is context, not scored. Each stage shows its own date.

Flows

Stage momentum, last 2 years

Each stage against a year earlier. When an upstream stage runs ahead of the next one, inventories are building somewhere along the chain.

Routes and chokepoints

Main sea lanes of the chain, annual volume, and the live status of each passage.

Price

Sources

Production, refinery intake and product exports: JODI-Oil World Database (country-reported). Ship movements: IMF PortWatch. Crude and product trade tonnes: UN Comtrade. Price: IMF via FRED.

How to read it

The annual tables are the map: who mines, ships and processes. The weekly and monthly readings show how much is flowing along it now. Annual figures are 1–2 years old; each reading carries its own date.

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Global Trade Nowcast · Methodology