May 20, 2024 07:43 GMT
Crude Floating Builds to 69.27mn bbls
OIL
Crude oil floating storage held on tankers for at least 7 days rose to 69.27mn bbls as of May 17 according to Vortexa – 15% higher than the week prior.
- Asia Pacific down 7.6% w/w to 25.85m bbl - lowest since January 2020
- West Africa up 51% w/w to 9.44m bbl
- Middle East up 0.7% w/w to 8.36m bbl
- U.S. Gulf Coast up 120% w/w to 8.29m bbl - highest since August 2020
- Europe down 25% w/w to 5.67m bbl
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