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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
Oil products stocks at the port of Fujairah fell by 10% on the week to 16.77mn barrels in the week to 11 December, the lowest since 25 September, according to data from the Fujairah Oil Industry Zone.
- Stockpiles are down 19% so far this year, after rising 29% last year.
- All products showed declines last week. Light distillates fell by 10% on the week to 4.298mn barrels, the lowest in six weeks.
- Middle distillates declined by 4.9% to 3.039mn barrels, the first drop in five weeks.
- Heavy distillates dropped by 12% to 9.434mn barrels, the lowest in seven weeks.
- Exports from the port picked up this month at 344kbpd so far in December, compared with 311kbpd for all of November, Platts data showed.
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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