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1. www.spglobal.com › commodityinsights › enANALYSIS: Oil in floating storage rebounds to three-month highs

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   Aug 24, 2021 · Data intelligence firm Kpler estimates volumes of crude and condensate in floating storage amounted to a three-month high of 152 million barrels for the week beginning Aug. 23. The Kpler data estimates the volume of oil on tankers idled offshore for seven days or more.

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     Crude Oil; Coal; Energy Transition; Electric Power; LNG;...

2. www.spglobal.com › commodityinsights › enOil on floating storage soars to record highs, but peak still ...

   www.spglobal.com › commodityinsights › en

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   May 14, 2020 · Energy research firm Kpler estimates that floating storage volumes were as high at 180 million barrels for the week beginning May 11, making it the largest ever volumes for oil on floating storage. This is a rise of almost 95% in the past two months, as data showed that floating volumes of crude and oil products were as high as 92.09 mill ...

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4. oilprice.com › Energy › Energy-GeneralGlobal Floating Oil Storage Hits Highest Level Since October 2020

   oilprice.com › Energy › Energy-General

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   Jun 26, 2023 · Crude oil on stationary tankers has reached around 129 million barrels as of the end of last week, the highest floating crude volumes since October 2020, Vortexa data cited by Bloomberg...

5. www.spglobal.com › commodityinsights › enFloating oil storage at two-month highs as volumes off Asia rise

   www.spglobal.com › commodityinsights › en

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   Feb 3, 2021 · The amount of crude and condensate hoarded on oil tankers worldwide has seen a steady rise in the past few weeks despite poor storage economics, due to increased port congestion in North and Southeast

6. oilprice.com › Energy › Crude-OilFloating Storage Begins To Fill Up As Oil Demand Wavers

   oilprice.com › Energy › Crude-Oil

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   Sep 10, 2020 · With fuel inventories rising fast, traders have begun to charter tanks to storage excess oil products in a sign that demand remains weak.

7. www.nortonrosefulbright.com › en › knowledgeUsing vessels as floating storage for crude oil: A risky ...

   www.nortonrosefulbright.com › en › knowledge

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   A surge in demand and a shortage in availability of shore-based storage has pushed traders to look elsewhere. One option is chartering Very Large Crude Carriers (VLCCs) or Ultra Large Crude Carriers (ULCCs) for use as floating storage at sea.

8. People also ask

   How did floating storage affect oil demand and supply in 2020?

   • Floating storage told the story of the extraordinary moves in oil demand and supply in 2020. Tankers holding offshore stocks of crude and refined products at sea made the news repeatedly from Q2 onwards, as volumes hit record highs amid a dramatic slump in demand, and also upended tanker market dynamics.

   2020: The rise and fall of Floating Storage - Vortexa

   www.vortexa.com/insights/products/the-rise-and-fall-of-floating-storage/

   See all results for this question

   How much oil is in floating storage?

   • Data intelligence firm Kpler estimates volumes of crude and condensate in floating storage amounted to a three-month high of 152 million barrels for the week beginning Aug. 23. The Kpler data estimates the volume of oil on tankers idled offshore for seven days or more.

   ANALYSIS: Oil in floating storage rebounds to three-month highs

   www.spglobal.com/commodityinsights/en/market-insights/latest-news/oil/082421-oil-in-floating-storage-rebounds-to-three-month-highs

   See all results for this question

   Why did traders store oil at sea?

   • Some traders took advantage of the initial profitability to store oil at sea on account of the steep contango that emerged. Other types of floating storage pointed to the logistical difficulty in suddenly moving huge volumes barrels into onshore storage or refineries.

   2020: The rise and fall of Floating Storage - Vortexa

   www.vortexa.com/insights/products/the-rise-and-fall-of-floating-storage/

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   Why did tankers hold oil at sea in Q2?

   • Tankers holding offshore stocks of crude and refined products at sea made the news repeatedly from Q2 onwards, as volumes hit record highs amid a dramatic slump in demand, and also upended tanker market dynamics. Some traders took advantage of the initial profitability to store oil at sea on account of the steep contango that emerged.

   2020: The rise and fall of Floating Storage - Vortexa

   www.vortexa.com/insights/products/the-rise-and-fall-of-floating-storage/

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9. www.vortexa.com › insights › products2020: The rise and fall of Floating Storage - Vortexa

   www.vortexa.com › insights › products

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   Dec 4, 2020 · Floating storage told the story of the extraordinary moves in oil demand and supply in 2020. Tankers holding offshore stocks of crude and refined products at sea made the news repeatedly from Q2 onwards, as volumes hit record highs amid a dramatic slump in demand, and also upended tanker market dynamics.