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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 product stocks at Fujairah were 17.812m bbl as of June 24, up 1% on the week, according to Fujairah Oil Industry Zone data, cited by Platts.
- Light distillate stocks were up by 2.8% to 5.961m bbl. This is a rebound after hitting its lowest since Dec. 25 last week.
- Middle distillate stocks were down by 16% to 2.580m bbl, the lowest since March 25.
- Heavy distillate stocks were up 5.6 % to 9.271m bbl, the first rise in three weeks. Heavy distillates are used in power generation.
- Exports of all three product categories aver averaging 640k b/d in June, the highest since March and up from 596k b/d in May, Kpler said. China, Singapore, and Tanzania are the top destinations.
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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