Terminal

Rotterdam

روتردام

What it is

Europe's largest port and the heart of the Amsterdam–Rotterdam–Antwerp refining, storage and trading complex.

Why it moves price

The pricing reference for refined products in north-west Europe. Its stocks are read as a gauge of European supply adequacy, particularly since European diesel and gas flows were redrawn.

Tension is measured daily, not described

We track thirteen chokepoints and terminals, publish a daily tension score with its components and the reasoning behind each, and tie it to the prices that move with it.