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OIL: Global Floating Crude Falls 16% w/w

OIL

Global crude held on stationary tankers for longer than seven days fell 16% to 60.27mbbl as of Dec. 27 to pull back from a high of 75.7mbbl seen in early December, according to Vortexa data cited by Bloomberg.

  • Asia Pacific up 3.6% w/w to 30.91m bbl
  • Middle East down 14% w/w to 10.99m bbl
  • West Africa down 66% w/w to the lowest since Nov. 2022 at 4.12m bbl
  • Europe up 51% w/w to 4.09m bbl
  • North Sea down 52% w/w to 648.00k bbl
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Global crude held on stationary tankers for longer than seven days fell 16% to 60.27mbbl as of Dec. 27 to pull back from a high of 75.7mbbl seen in early December, according to Vortexa data cited by Bloomberg.

  • Asia Pacific up 3.6% w/w to 30.91m bbl
  • Middle East down 14% w/w to 10.99m bbl
  • West Africa down 66% w/w to the lowest since Nov. 2022 at 4.12m bbl
  • Europe up 51% w/w to 4.09m bbl
  • North Sea down 52% w/w to 648.00k bbl