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OIL: Global Floating Crude Rises 7% w/w

OIL

Global crude held stationery for at least 7-days on tankers rose to 70.20mn bbls as of December 20 according to Vortexa, up 7% w/w. 

  • Asia Pacific down 15% w/w to 25.85m bbl
  • Middle East up 43% w/w to 13.26m bbl
  • West Africa up 27% w/w to 11.92m bbl; highest since June
  • Europe down 28% w/w to 2.75m bbl
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Global crude held stationery for at least 7-days on tankers rose to 70.20mn bbls as of December 20 according to Vortexa, up 7% w/w. 

  • Asia Pacific down 15% w/w to 25.85m bbl
  • Middle East up 43% w/w to 13.26m bbl
  • West Africa up 27% w/w to 11.92m bbl; highest since June
  • Europe down 28% w/w to 2.75m bbl