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OIL: Global Floating Crude Falls 6.9% in Week to Jan. 31

OIL
BulletEnergy BulletsCommodities

Global crude held on stationary tankers for more than seven days fell by 6.9% w/w to 67.30m bbl as of Jan. 31, according to Vortexa data cited by Bloomberg.

  • Asia Pacific down 5% w/w to 34.19m bbl
  • Middle East up 20% w/w to 9.34m bbl
  • Europe up 68% w/w to 5.52m bbl
  • West Africa down 44% w/w to 3.52m bbl to the lowest since Sep. 2022
  • North Sea down 6.7% w/w to 2.31m bbl
  • US Gulf Coast down 16% w/w to 0.39m bbl
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Global crude held on stationary tankers for more than seven days fell by 6.9% w/w to 67.30m bbl as of Jan. 31, according to Vortexa data cited by Bloomberg.

  • Asia Pacific down 5% w/w to 34.19m bbl
  • Middle East up 20% w/w to 9.34m bbl
  • Europe up 68% w/w to 5.52m bbl
  • West Africa down 44% w/w to 3.52m bbl to the lowest since Sep. 2022
  • North Sea down 6.7% w/w to 2.31m bbl
  • US Gulf Coast down 16% w/w to 0.39m bbl