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OIL: Global Floating Crude Rises 13% in Week to Jan. 24

OIL

Global crude held on stationary tankers for longer than seven days rose 13% to 66.26mbbl as of Jan. 24, according to Vortexa data cited by Bloomberg.

  • Asia Pacific up 18% w/w to 37.00m bbl
  • Middle East up 6.1% w/w to 6.58m bbl
  • West Africa down 30% w/w to 4.37m bbl
  • Europe up 225% w/w to 2.66m bbl
  • North Sea up 489% w/w to 2.15m bbl
  • U.S. Gulf Coast down 36% w/w to 315k bbl
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Global crude held on stationary tankers for longer than seven days rose 13% to 66.26mbbl as of Jan. 24, according to Vortexa data cited by Bloomberg.

  • Asia Pacific up 18% w/w to 37.00m bbl
  • Middle East up 6.1% w/w to 6.58m bbl
  • West Africa down 30% w/w to 4.37m bbl
  • Europe up 225% w/w to 2.66m bbl
  • North Sea up 489% w/w to 2.15m bbl
  • U.S. Gulf Coast down 36% w/w to 315k bbl