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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
Stockpiles of oil products at the UAE’s Port of Fujairah fell for the first time in three weeks as of June 10, according to Fujairah Oil Industry Zone data, cited by Platts.
- The decline was led by a fall in heavy distillates used in power generation and ship bunkering.
- Total inventories fell 3.9% on the week to 20.731m bbl in the week ending June 10, with all product categories showing a decline.
- Heavy distillate inventories fell 5.9% to a three-week low of 10.068m bbl, while middle distillate inventories fell 5.3% to 3.526m bbl.
- Light distillate stockpiles were down 0.1% to 7.137m bbl.
- Overall stockpiles have increased 20% since the end of 2023.
Source: S&P Global Commodity Insights
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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