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Fujairah Oil Product Stocks Rise for First Time in 6-Weeks

OIL PRODUCTS

Stockpiles of oil products at the UAE's Port of Fujairah climbed for the first time in six weeks in the latest Fujairah Oil Industry Zone data.

  • Total inventories gained 4.4% to 20.363 million barrels in the week ended May 27 after dropping to a two-month low a week earlier.
  • Stockpiles of heavy distillates increased 9.5% to 10.116 million barrels over the latest week - a five-week high.
  • Inventories of middle distillates such as diesel and jet fuel dropped 12% to 3.267 million barrels - a two-week low.
  • Light distillates rose 6.4% to 6.980 million barrels - the highest in three weeks.
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