Southeast Asia floating storage declines in Feb as Iranian barrels clear before Middle East war

Floating storage of crude and condensate in Southeast Asian waters has fallen sharply from the end-2025 record, led by a draw-down of Iranian barrels, according to S&P Global Commodities at Sea data. As of end-February, volumes held on tankers stationary for more than seven days in Southeast Asia declined to 49.2 million barrels, a level last seen before the buildup that began in November 2025 andFloating storage of crude and condensate in Southeast Asian waters has fallen sharply from the end-2025 record, led by a draw-down of Iranian barrels, according to S&P Global Commodities at Sea data. As of end-February, volumes held on tankers stationary for more than seven days in Southeast Asia declined to 49.2 million barrels, a level last seen before the buildup that began in November 2025 andRead More