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Crude Floating Storage Down 8.4% w-o-w

OIL

Crude oil floating storage stationary for 7 days or longer fell to 71.27m bbl as of Feb. 17 according to Vortexa, down 8.4% from 77.84m bbl on Feb. 10.

  • Asia Pacific up 2.6% w/w to 38.78m bbl
  • Middle East down 24% w/w to 6.24m bbl; lowest since September
  • West Africa up 39% w/w to 5.59m bbl
  • Europe down 26% w/w to 4.13m bbl

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