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Port of Fujairah Oil Product Stocks at 9-Month Low

OIL PRODUCTS

Port of Fujairah oil product stocks slipped to a 9-month low as of July 1 according to Fujairah Oil Industry Zone data.

  • Total inventories declined 7.1% on the week to 16.54 million barrels in the week ended July 1.
  • Heavy distillate stocks dropped 5.7% in the latest week to 8.741 million barrels, the lowest since April 8.
  • Stocks of light distillates declined 14% to 5.14 million barrels, the lowest in six months.
  • Inventories of middle distillates rose 3.1% to 2.659 million barrels, the first increase in four weeks.

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