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Crude Floating Storage Falls 17%: Vortexa

OIL

Crude floating storage stationary for 7-days fell to 84.56mn bbl as of December 2, down 17% from a week prior according to Vortexa.

  • Asia Pacific down 26% w/w to 33.76m bbl - lowest since April 2020
  • Middle East down 22% w/w to 11.74m bbl
  • Europe up 6.8% w/w to 8.92m bbl
  • West Africa up 4.1% w/w to 5.88m bbl
  • U.S. Gulf Coast down 56% w/w to 1.84m bbl
  • North Sea down 48% w/w to 1.16m bbl

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