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Crude in Floating Storage Rose 8.3% WoW

OIL

The amount of crude oil held on tankers that have been stationary for at least seven days rose by 8.3% on the week to 73.09m bbl as of 2 February, Vortexa data show.

  • Asia Pacific up 17% w/w to 34.25m bbl
  • Middle East up 68% w/w to 10.10m bbl; highest since January 2023
  • West Africa up 12% w/w to 7.43m bbl
  • Europe up 58% w/w to 4.51m bbl
  • U.S. Gulf Coast up 55% w/w to 3.84m bbl
  • North Sea down 70% w/w to 338.00k bbl

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