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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 UAE’s port of Fujairah declined by 13% in the week ending 19 February to 16.648mn barrels, the largest weekly drop in seven months, according to data from the Fujairah Oil Industry Zone.
- The decline markets the largest drop since mid-July 2023.
- Heavy distillates inventories declined by 11% to 8.305mn barrels, the lowest level in seven month.
- Middle distillates stocks declined by 29% on the week to 2.050mn barrels, the lowest in seven weeks.
- Light distillates inventories fell by 9.2% to 6.293mn barrels, the lowest in five weeks.
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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