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OIL PRODUCTS: Fujairah Oil Product Stocks Rose 2.5% w/w From Previous Week Low

OIL PRODUCTS
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Port of Fujairah oil product stocks rose 2.5% w/w in the week to Sept. 30 after falling to a 2.5 year low the previous week.

  • The total increased to 15.001mbbls compared to 14.635mbbls the previous week and the record low of 14.266mbbl on Feb. 14, 2022, according to FOIZ data cited by S&P Global. Stocks have fallen 13% since the end of 2023.
  • Stockpiles of middle distillates rose 54% to 2.313mbbls to rebound from the 51% decline the previous week.
  • Light distillates increased 11% to 5.188mbbls.
  • Heavy distillates and residues dropped 11% to 7.5mbbls  - the lowest since Nov. 2021.
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Port of Fujairah oil product stocks rose 2.5% w/w in the week to Sept. 30 after falling to a 2.5 year low the previous week.

  • The total increased to 15.001mbbls compared to 14.635mbbls the previous week and the record low of 14.266mbbl on Feb. 14, 2022, according to FOIZ data cited by S&P Global. Stocks have fallen 13% since the end of 2023.
  • Stockpiles of middle distillates rose 54% to 2.313mbbls to rebound from the 51% decline the previous week.
  • Light distillates increased 11% to 5.188mbbls.
  • Heavy distillates and residues dropped 11% to 7.5mbbls  - the lowest since Nov. 2021.