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Fujairah Oil Product Stocks Fall 5.3%

OIL PRODUCTS

Port of Fujairah oil product stockpiles fell 5.3% w/w to 16.858 mn bbls as of Sept. 2 - the lowest since Aug. 12, FOIZ data showed.

  • Stockpiles have dropped every week except one since mid-July.
  • Heavy distillates stocks dropped to 8.001 million barrels - a two-week low and close to the two-and-a-half-year low.
  • Light distillates rose 3.5% in the latest week to 6.501 million barrels - a two-week high.
  • Middle distillates fell 8.9% to 2.356 million barrels - the lowest in three weeks.

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