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Crude Volume on Tankers at Least 7 Days Falls 12%

OIL
StoryEnergy BulletsCommodities

Global crude held on stationary tankers for longer than 7-days fell 12% to 62.74mbbl as of Dec. 6 to partially reverse the surge higher seen in mid November, according to Vortexa data cited by Bloomberg.

  • Asia Pacific down 15% w/w to 32.47mbbl
  • Middle East down 18% w/w to 8.88mbbl
  • West Africa down 21% w/w to 6.93mbbl
  • Europe down 60% w/w to 1.22mbbl to the lowest since March 2022
  • U.S. Gulf Coast down 17% w/w to 1.02mbbl
  • North Sea down 47% w/w to 0.72kbbl
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Global crude held on stationary tankers for longer than 7-days fell 12% to 62.74mbbl as of Dec. 6 to partially reverse the surge higher seen in mid November, according to Vortexa data cited by Bloomberg.

  • Asia Pacific down 15% w/w to 32.47mbbl
  • Middle East down 18% w/w to 8.88mbbl
  • West Africa down 21% w/w to 6.93mbbl
  • Europe down 60% w/w to 1.22mbbl to the lowest since March 2022
  • U.S. Gulf Coast down 17% w/w to 1.02mbbl
  • North Sea down 47% w/w to 0.72kbbl