Kate Mackenzie Floating storage January draw-down

JBC Energy has a great chart today of their estimates of January’s floating storage:

JBC Energy

Source: JBC Energy

They add that despite the drawdown, “even if the rest of the winter turns out to be very cold, we expect the distillate glut onshore and offshore not be consigned to history until at least late 2010″.

Related links:

US petroleum stocks: Fit for bursting (FT Alphaville)