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Crude in Floating Storage Fell to Lowest Since March 2020


The amount of crude oil held around the world on tankers that have been stationary for at least seven days fell by 18% to 63.97m bbl as of 26 January, the lowest since March 2020, Vortexa data showed, cited by Bloomberg.

  • Asia Pacific down 32% w/w to 26.80m bbl; lowest since January 2020
  • West Africa up 65% w/w to 6.11m bbl
  • Middle East down 18% w/w to 6.03m bbl
  • Europe down 36% w/w to 2.87m bbl
  • U.S. Gulf Coast down 13% w/w to 2.62m bbl
  • North Sea down 26% w/w to 1.14m bbl

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