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Crude Floating Storage Tumbles: Vortexa

OIL

Crude floating storage stationary for at least 7 days fell to 65.71m bbl as of December 16 according to Vortexa.

  • Floating storage is the lowest since April 2020 and down 27% from 90.06m bbl on December 9.
  • Asia Pacific down 14% w/w to 34.01m bbl - lowest since April 2020.
  • Middle East down 12% w/w to 9.95m bbl.
  • Europe down 72% w/w to 5.05m bbl.
  • West Africa up 6.6% w/w to 4.13m bbl.

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