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Crude Floating Rises to 83.69mn bbls: Vortexa

OIL

Global crude floating storage held on tankers stationary for at least 7 days rose to 83.69mn bbls as of January 5 - up 2.1% from 81.94mn bbls a week prior according to Vortexa.

  • Asia Pacific up 7.4% w/w to 38.14mn bbl
  • Middle East up 20% w/w to 11.58mn bbl; highest since January 2023
  • Europe up 55% w/w to 8.35mn bbl
  • West Africa down 47% w/w to 3.22mn bbl; lowest since August 2022
  • U.S. Gulf Coast up 175% w/w to 3.07mn bbl

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