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Total Fujairah Oil Product Stocks Slip w/w

OIL PRODUCTS

Oil product stocks in Port of Fujairah, UAE, fell 3.2% w/w to a three-week low for the week ended March 11 according to official data.

  • Total oil product stockpiles dropped to 18.2 mn bbls as of March 11 - the lowest since Feb. 19.
  • Light distillate stocks fell 15% to 7.083 mn bbls after hitting a 10-month high a week prior.
  • Middle distillates dropped 2.8% to 1.5 mn bbls, a six-month low.
  • Heavy distillates rose 7.2% to a two-month high of 9.617 mn bbls.

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