Fujairah oil products stocks achieved a high record in four weeks, showing gains for the first time in eight weeks, S&P Global Platts reported.
The total inventory increased 7% during the week of February 1st compared to the previous week, reaching 23.282 million barrels which is the highest volume since January 4th.
According to data from Fujairah Oil Industry Zone provided to S&P, the middle distillates jumped 15% to 5.171 million barrels, the highest in six weeks.
Additionally, heavy distillates inventories stood at 10.78 million barrels, increasing by 8% from the week before, achieving the highest record in two weeks.
Regarding light distillates, its stockpiles reached 7.33 million barrels in the week of February 1, which is a 1% increase from the previous week and the highest in three weeks.