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Crude in Floating Storage Rose 5% Last Week: Vortexa

OIL

Crude oil in floating storage, stationary for at least seven days, rose to 112.07m bbl as of July 7, up by 5% on the week, Vortexa data show.

  • Asia Pacific up 20% w/w to 66.44m bbl
  • West Africa down 2% w/w to 9.53m bbl
  • Middle East down 31% w/w to 5.87m bbl
  • Europe down 50% w/w to 4.58m bbl; lowest since March
  • U.S. Gulf Coast up 32% w/w to 1.19m bbl

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