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Floating Storage Rises to 79.87mn bbls: Vortexa

OIL

Global floating crude storage on tankers for at least seven days rose to 79.87mn bbls as of December 8 according to Vortexa – 11% higher than the week prior.

  • Asia Pacific up 22% w/w to 41.98m bbl.
  • Europe up 83% w/w to 8.60m bbl - highest since August.
  • Middle East up 30% w/w to 8.06m bbl - highest since August.
  • West Africa up 43% w/w to 6.36m bbl.
  • U.S. Gulf Coast up 233% w/w to 2.33m bbl

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