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Fujairah Oil Product Stocks Climbed 2.1% WoW

OIL PRODUCTS

Oil products stockpiles at the port of Fujairah rose by 2.1% to 19.149mn barrels in the week to 12 February, according to the Fujairah Oil Industry Zone.

  • Stockpiles have risen 11% since the end of 2023.
  • Heavy distillated stocks declined by 2.5% to 9.352mn barrels, the lowest in two weeks.
  • Light distillates stocks increased by 4.6% to 6.929mn barrels, the highest in six weeks.
  • Middle distillates stocks rose by 13% to 2.868mn barrels, the highest in two months.
  • Oil product exports – excl fuel oil – fell sharply to 2.17mn barrels last week, down from 6.4mn barrels the week prior.

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