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Crude in Floating Storage Fell 13% WoW

OIL

The amount of crude oil held around the world on tankers that have been stationary for at least seven days fell by 13% on the week 73.32m bbl as of Dec. 15, Vortexa data show.

  • Asia Pacific down 11% w/w to 37.29m bbl
  • Middle East down 13% w/w to 7.30m bbl
  • Europe down 46% w/w to 5.54m bbl
  • West Africa down 22% w/w to 4.90m bbl
  • U.S. Gulf Coast up 9.4% w/w to 2.55m bbl

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