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Fujairah Oil Product Stocks Decline 1.3% Last Week

OIL PRODUCTS

Oil product stockpiles at the Port of Fujairah declined by 1.3% last week to 19.785mn barrels as of 25 March, driven by declines in heavy distillates stocks, according to the Fujairah Oil Industry Zone data.

  • Heavy distillates stocks declined by 6.3% last week to 9.971mn barrels, the lowest in two weeks.
  • Middle distillates stocks rose by 11% to 2.081mn tons, a one-month high.
  • Light distillates stocks increased by 2.7% last week to 7.733mn tons, the highest in three weeks.

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