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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
OIL PRODUCTS
Oil product stockpiles at the port of Fujairah declined by 5% on the week to 18.238mn barrels as of 8 January, down from a 12-week high the week prior, FOIZ data showed, cited by Platts.
- Light distillate stocks fell by 6% on the week to 6.831mn barrels, the lowest in two weeks.
- Middle distillate inventories surged by 41% to 2.797mn barrels, the highest in four weeks.
- Heavy distillates declined by 13% week on week to 8.61mn barrels, the lowest since July.
- Stockpiles fell 16% on the year in 2023 after climbing 29% in 2022.
- Exports of products except for fuel oil rose to 5.5mn barrels in the week ending 8 January, the most since June, according to S&P Global Commodities at Sea data.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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