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Fujairah Oil product Stocks Rise to 17.9mn bbls

OIL PRODUCTS

Total oil product stocks at the Port of Fujairah rose to 17.876 million barrels - the first increase in five weeks - from a 10-month low a week earlier, according to FOIZ data for the week ended August 19.

  • Middle distillates reached a five-week high of 2.793 million barrels – leading the gains.
  • Light distillates rose 18% to a three-month high of 7.281 million barrels.
  • Heavy distillates fell 8.3% to 7.802 million barrels, the lowest since Feb. 14, 2022,
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