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Global Floating Crude Slips 4.1% w/w

OIL

Crude in floating storage globally - stationary for at least 7 days - fell to 66.26mn bbls as of August 16 according to Vortexa – down 4.1% vs 69.12mn bbls on August 9.

  • Asia Pacific down 8% w/w to 33.77m bbl
  • West Africa up 34% w/w to 8.25m bbl
  • Europe down 31% w/w to 5.13m bbl – lowest since Feb.
  • Middle East down 45% w/w to 3.45m bbl - lowest since Feb.

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