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.

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

Data released by Fujairah Oil Industry Zone showed that oil products stocks in the East Coast port of Fujairah, continued to decline along the past week.

Oil product stocks have reached new record levels at the UAE’s East Coast Port of Fujairah due to an increase in heavy fuels used in marine and power industries.