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OIL: Global Floating Crude Rises 2.5% in Week to Jan. 17

OIL

Global crude held on stationary tankers for longer than seven days rose 2.5% to 54.23mbbl as of Jan. 17, according to Vortexa data cited by Bloomberg.

  • Asia Pacific up 13% w/w to 25.60m bbl
  • Middle East down 18% w/w to 6.50m bbl
  • West Africa down 18% w/w to 5.46m bbl
  • Europe down 60% w/w to 1.91m bbl
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Global crude held on stationary tankers for longer than seven days rose 2.5% to 54.23mbbl as of Jan. 17, according to Vortexa data cited by Bloomberg.

  • Asia Pacific up 13% w/w to 25.60m bbl
  • Middle East down 18% w/w to 6.50m bbl
  • West Africa down 18% w/w to 5.46m bbl
  • Europe down 60% w/w to 1.91m bbl