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Floating Crude Slips 31% on Asia Pacific Drawdown

OIL

Global crude floating storage on tankers stationary for at least seven days fell to 56.66mn bbls as of August 2, down 31% from 82.05mn bbls on July 26 according to Vortexa.

  • Asia Pacific down 29% w/w to 35.03m bbl
  • Europe down 19% w/w to 5.20m bbl
  • West Africa down 15% w/w to 4.96m bbl
  • North Sea down 13% w/w to 2.20m bbl
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Global crude floating storage on tankers stationary for at least seven days fell to 56.66mn bbls as of August 2, down 31% from 82.05mn bbls on July 26 according to Vortexa.

  • Asia Pacific down 29% w/w to 35.03m bbl
  • Europe down 19% w/w to 5.20m bbl
  • West Africa down 15% w/w to 4.96m bbl
  • North Sea down 13% w/w to 2.20m bbl