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Crude Floating Storage Up 20% w-o-w

OIL

Crude floating storage – stationary for at least 7 days - rose to 113.35m bbl as of Aug. 12, according to Vortexa.

  • It is the highest since last October, and up 20% from 94.32m bbl on Aug. 5
  • Asia Pacific up 4.7% w/w to 61.41m bbl
  • Middle East up 13% w/w to 17.44m bbl; highest since July 2017
  • Europe up 142% w/w to 11.98m bbl; highest since November
  • West Africa up 48% w/w to 5.69m bbl
  • U.S. Gulf Coast up 128% w/w to 525.00k bbl

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