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Floating Crude Falls to Lowest Since Early December

OIL

The amount of crude oil held around the world on tankers that have been stationary for at least seven days fell by 19% last week to 73.18m bbl as of 16 February, the lowest since 1 December, Vortexa data show.

  • Asia Pacific down 19% w/w to 40.00m bbl
  • West Africa up 2.9% w/w to 7.39m bbl
  • Middle East down 77% w/w to 3.52m bbl
  • Europe up 2.4% w/w to 2.28m bbl
  • U.S. Gulf Coast up 644% w/w to 945.00k bbl

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