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Fujairah Oil Product Stocks Slip to 18.013mn bbls

OIL PRODUCTS

UAE oil product stockpiles at the port of Fujairah fell 1.2% in the week ended Jan.15 – the second consecutive weekly decline.

  • The total fell to 18.013 million barrels as of Jan. 15, the lowest since Dec. 25.
  • Stocks of light distillates dropped 12% to 6.039 million barrels, a three-week low.
  • Middle distillates declined 7.7% to 2.581 million barrels, a two-week low.
  • Heavy distillates climbed 9.1% to 9.393 million barrels, rebounding from a five-month low a week earlier.

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