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Crude in Floating Storage Fell 21% Last Week

OIL

Crude oil in floating storage, stationery for at least seven days, fell to 94.60m bbl as of 14 July, down by 21% week on week., Vortexa data show.

  • Asia Pacific down 33% w/w to 48.22m bbl; lowest since March
  • West Africa up 55% w/w to 17.49m bbl
  • Middle East up 96% w/w to 11.18m bbl
  • Europe down 4.8% w/w to 4.56m bbl
  • US Gulf Coast up 53% w/w to 1.21m bbl

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