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Fujairah Heavy Distillate Stocks Jump

OIL PRODUCTS

Port of Fujairah oil product inventories edged 0.4% lower w/w to 17.803 mn bbls according to FOIZ data published Aug. 28. Stockpiles have increased 2.7% since the end of 2023.

  • Stocks of light distillates dropped 14% to 6.282 million barrels,
  • Middle distillates declined 7.4% to 2.586 million barrels. Both categories fell to two-week lows.
  • Heavy distillates and residues jumped 15% to 8.935 million barrels.

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