Fujairah Oil Stocks Increase

Fujairah Oil Stocks Increase

The oil products stock at Fujairah port increased by 2.4%, reaching 22.008 million barrels, according to data exclusively obtained by S&P Global Platts, Zawya reported citing Emirates News Agency (WAM).

The distillate stocks increased as well by 0.8%, recording 11.394 million barrels. In addition, gasoline and other light distillate stocks reached 11.975 million barrels, which is considered their highest level since stock reporting began at Fujairah.

The middle distillate stocks were boosted by 1.5%, reaching 2.398 million barrels. Moreover, inventories of heavy residues rose by 5.1% to 8.216 million barrels.


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