Fujairah oil product stockpiles drop to two-month low

摘要

Stockpiles of oil products at the UAE’s Port of Fujairah fell to a two-month low as of June 12, with all categories showing doubledigit declines from a week earlier, as exports for most products picked up, according to June 14 figures from the Fujairah Oil Industry Zone and the latest shipping data. Total inventories dropped 20% on the week to 19.566 million barrels as of June 12, the lowest since April 3, the FOIZ data provided exclusively to S&P Global Commodity Insights showed. Total inventories were down 5.3% since the end of 2022.