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Fujairah Port Stocks Fall

OIL PRODUCTS

Oil product stockpiles at the UAE's Port of Fujairah were down 11% from a week earlier at 17.949 million barrels on June 13, according to Fujairah Oil Industry Zone Data. Inventories were 24% lower than at the same time last year.

  • Stocks of heavy distillates and residues stood at 8.101 million barrels on June 13, down 22% from a week earlier and the lowest since mid-February. Heavy distillate stocks were also 35% lower than a year earlier.
  • Light distillate inventories stood at 7.101 million barrels on June 13, down 4.2% from a week earlier. Inventories of light distillates were almost unchanged from a year earlier.
  • Middle distillate inventories rose 13.9% over the week ended June 13 to 2.747 million barrels, the highest level since Nov. 22. The stockpiles, which include jet fuel and gasoil, were down 31% year on year.
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