Free Trial

Crude in Floating Storage Fell 24% WoW

OIL

Crude oil held on tankers that has been stationary for at least seven days fell by 24% to 68.62m bbl as of 1 December, Vortexa data show, cited by Bloomberg.

  • Asia Pacific down 31% w/w to 30.18m bbl; lowest since February 2020
  • Middle East down 15% w/w to 8.17m bbl
  • Europe down 31% w/w to 4.75m bbl
  • West Africa down 31% w/w to 4.54m bbl
  • US Gulf Coast down 91% w/w to 566.00k bbl

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.