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Floating Storage 10% Higher w-o-w: Vortexa

OIL

Global crude oil floating storage stationary for at least seven days has risen 11% in the last week to 92.32mn bbls as of Sep 9 according to Vortexa.

  • Asia Pacific up 8.3% w/w to 53.78m bbl
  • Europe up 32% w/w to 10.41m bbl; highest since November
  • Middle East up 47% w/w to 9.83m bbl
  • West Africa up 57% w/w to 5.66m bbl
  • North Sea down 9.8% w/w to 1.27m bbl
  • U.S. Gulf Coast down 9.7% w/w to 953.00k bbl

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