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Fujairah Oil Product Stocks at 8-Month High

OIL PRODUCTS

UAE's Port of Fujairah oil product stockpiles rose 10% to an eight-month high in the week ended March 18 according to Fujairah Oil Industry Zone data.

  • Total oil product inventories increased to 20.049 million barrels as of March 18 - the highest since July 10.
  • Stocks of heavy distillates gained 11% to reach a three-month high of 10.642 million barrels.
  • Light distillates increased 6.3% to a two-week high of 7.530 million barrels.
  • Middle distillates rose 25% to 1.877 million barrels, the most in four weeks.

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