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Crude in Floating Storage Fell 5.3mn Barrels Last Week

OIL

The amount of crude held on tankers that have been stationary for at least seven days fell by 6.7% on the week to 74.10mn barrels as of 3 November, Vortexa data showed, cited by Bloomberg.

  • That's down 6.7% from 79.39m bbl on Oct. 27
  • Asia Pacific down 6.9% w/w to 38.80m bbl
  • West Africa down 12% w/w to 7.41m bbl
  • Middle East up 10% w/w to 5.61m bbl
  • Europe down 38% w/w to 3.86m bbl
  • U.S. Gulf Coast down 64% w/w to 2.07m bbl
  • North Sea up 18% w/w to 797.00k bbl

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