fujairah product stocks hit four-month low as fuel oil exports jump

摘要

Oil product stockpiles at the UAE’s port of Fujairah have fallen to a four-month low, led by a decline in fuel for power generation and marine bunkers, according to Fujairah Oil Industry Zone data provided exclusively to S&P Global Platts on Aug. 4. Total inventories stood at 18.747 million barrels on Aug. 2, down 10.5% from a week earlier and the lowest since March 22, the data showed. Heavy distillates, which include fuel for power generation and marine bunkers, stood at 10.138 million barrels on Aug. 2, down 9.6% from the previous week and the lowest since April 12.