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Fujairah Oil Stocks Rise 11% on Week: Platts

OIL PRODUCTS

Total oil stocks in the UAE’s Fujairah Oil Industry Zone rose by 1.778m bbl, or 11%, in the week to July 8, according to Platts data.

  • Light distillate stocks were up to 5.741m bbl, a rise of 0.601m bbl on the week, although not reversing all the draw seen in the previous seven days.
  • Middle distillate stocks were up by 0.497m bbl to 3.156m bbl, the highest since the week to June 10.
  • Residual fuel stocks were also up by 0.68m bbl to 9.421m bbl, also the highest level since the week to June 10.
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Total oil stocks in the UAE’s Fujairah Oil Industry Zone rose by 1.778m bbl, or 11%, in the week to July 8, according to Platts data.

  • Light distillate stocks were up to 5.741m bbl, a rise of 0.601m bbl on the week, although not reversing all the draw seen in the previous seven days.
  • Middle distillate stocks were up by 0.497m bbl to 3.156m bbl, the highest since the week to June 10.
  • Residual fuel stocks were also up by 0.68m bbl to 9.421m bbl, also the highest level since the week to June 10.