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Video: With Oil Demand Plunging, Full Tankers Anchor Off California

25 April 2020

When including additional vessels in the San Francisco area, Bloomberg estimates that the idle tankers off California's coastline contain as much as 20 million barrels of petroleum, an amount roughly equal to the (pre-coronavirus) daily demand of the entire United States. Tanker tracking firm Kpler SAS suggests that most of them have been stationary for more than a week.

The U.S. Coast Guard says that it is keeping a careful eye on the accumulation of so much stored crude off California's coastline.

 

"Due to the unique nature of this situation, the Coast Guard is constantly evaluating and adapting our procedures to ensure the safety of the vessels at anchor and the protection of the surrounding environment," said Cmdr. Marshall Newberry of Coast Guard Sector Los Angeles/Long Beach. "Coast Guard watchstanders, in partnership with the Marine Exchange of Southern California, are closely monitoring each anchorage to manage the increased number of tank vessels we're seeing off the California coast."

 

 

 

The same pattern may be found at many other large anchorages around the world. According to data from analytics firm Vortexa, an estimated 114-150 million barrels of crude oil are in storage at sea worldwide. Nearly 70 million barrels of oil products - diesel, gasoline, jet fuel and other refined petroleum - are also currently stored aboard clean tankers around the globe, the company assesses.

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Today
8:03am
Hi Jenna! I made a new design, and i wanted to show it to you.
8:03am
It's quite clean and it's inspired from Bulkit.
8:12am
Oh really??! I want to see that.
8:13am
FYI it was done in less than a day.
8:17am
Great to hear it. Just send me the PSD files so i can have a look at it.
8:18am
And if you have a prototype, you can also send me the link to it.

Monday
4:55pm
Hey Jenna, what's up?
4:56pm
Iam coming to LA tomorrow. Interested in having lunch?
5:21pm
Hey mate, it's been a while. Sure I would love to.
5:27pm
Ok. Let's say i pick you up at 12:30 at work, works?
5:43pm
Yup, that works great.
5:44pm
And yeah, don't forget to bring some of my favourite cheese cake.
5:27pm
No worries

Today
2:01pm
Hello Jenna, did you read my proposal?
2:01pm
Didn't hear from you since i sent it.
2:02pm
Hello Milly, Iam really sorry, Iam so busy recently, but i had the time to read it.
2:04pm
And what did you think about it?
2:05pm
Actually it's quite good, there might be some small changes but overall it's great.
2:07pm
I think that i can give it to my boss at this stage.
2:09pm
Crossing fingers then

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