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Crude Floating Storage Dips 8.9% w-o-w

OIL

Crude oil held in floating storage for at least 7 days fell to 85.39m bbls as of January 13 according to Vortexa – an 8.9% fall from 93.7m bbls from the week prior.

  • Asia Pacific down 19% w/w to 46.15m bbl
  • Middle East up 26% w/w to 12.26m bbl
  • West Africa up 36% w/w to 5.42m bbl
  • Europe down 46% w/w to 3.75m bbl - lowest since October

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