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Crude Floating Storage Rises 9%: Vortexa

OIL

Crude oil floating storage held in tankers stationary for at least 7 days rose to 86.69mn bbls as of May 12 – up 9% from 79.51mn bbls a week prior according to Vortexa.

  • Asia Pacific up 0.5% w/w to 44.11mn bbl
  • Europe up 31% w/w to 9.48mn bbl
  • West Africa up 62% w/w to 7.91mn bbl
  • Middle East up 135% w/w to 7.70m bbl- the highest since January

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