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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
Fujairah oil product stockpiles rose 4.8% in the week ended Nov. 6 to 17.873mn bbls according to Fujairah Oil Industry Zone data.
- Light distillate inventories rose 6.3% to 4.499 mn bbls.
- Heavy distillate inventories gained 5.1% to 11.588 mn bbls
- Middle distillates were little changed at 1.786mn bbls.
- Heavy distillates stockpiles are up 15% so far in 2023, light distillates down 40% while middle distillates have declined 42%.
- Oil product exports excluding fuel oil from Fujairah averaged an estimated 507,000 bpd in October, up from 418,000 bpd in September and the highest since June according to Platts vessel tracking.
source: Platts
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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