Fujairah port’s oil stocks has declined to the lowest level in 2021 due to the increase of the oil exports.

Fujairah oil products stocks achieved a high record in four weeks, showing gains for the first time in eight weeks.

Oil stockpiles of Fujairah recorded a four-week slide while the rebound of heavy distillates making up for a string of declines in middle distillates and a drop in light distillates for the lowest in six weeks.

According to data issued by the General Administration of Customs, the total China’s oil imports during 2020 reached 542.39 million tons

A preliminary data released from the South Korean Ministry of Trade, Industry and Energy, showed that oil imports reduced 7.5% to 82.7 million barrels in December 2020 compared to 89.5 million barrels in the same month of the previous year.

The latest data issued by Fujairah Oil Industry Zone, showed that Fujairah port oil stocks recorded the highest level since August after increasing by 6.7% in the week to December 14

Petroleum exports amounted to $3.2 billion while imports stood at $2.4 billion during Q4 2018.