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Global Floating Crude Slips 18% w/w

OIL

Global crude in floating storage held on tankers for at least 7 days fell to 75.45mn bbls as of April 19, down by 18% from 92.10mn bbls the week prior according to Vortexa.

  • Asia Pacific down 39% w/w to 30.78m bbl - lowest since December 2022
  • Middle East up 45% w/w to 9.66m bbl
  • Europe up 16% w/w to 7.69m bbl
  • West Africa up 9.1% w/w to 7.46m bbl

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