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Crude Oil in Floating Storage Edged Up 0.1% WoW

OIL

The amount of crude oil held around the world on tankers that have been stationary for at least seven days edged up by 0.1% last week to to 74.72m bbl as of 22 March, Vortexa data showed.

  • Asia Pacific down 1.8% w/w to 32.68m bbl
  • Middle East up 11% w/w to 9.81m bbl
  • Europe down 0.9% w/w to 7.10m bbl
  • West Africa up 4.6% w/w to 6.71m bbl
  • U.S. Gulf Coast up 147% w/w to 3.25m bbl

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