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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 product stockpiles at the UAE's Port of Fujairah rebounded up 0.8% to 21.97mbbls, in the week ending Aug 29 according to Fujairah Oil Industry Zone data reported by S&P Global. Inventories were 20.21% higher on the year.
- Stocks of heavy distillates and residues were 11.67mbbls, and 34.4% higher than last year. Fuel oil exports were the lowest since February at 811kbbls, down from 4.076mbbls the previous week according to preliminary Kpler data.
- Light distillates inventories stood at 7.273mbbls, down 14% from a week earlier. Inventories of the products including gasoline and naphtha are up 29.16% in the past year.
- Middle distillates inventories climbed 8% to 3.024mbbls with stocks down 23.63% in the past year.
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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