Oil product inventories at Port of Fujairah climb to 5-week high
Wam/Dubai Filed on April 7, 2021
Stocks of heavy distillates covering fuel oil for power generation and marine bunkers soared 36 percent over the same period to 11.211 million barrels, the highest since Janaury 18.
Wam
Total stockpiles stood at 20.77 million barrels as of April 5, up 7.7 percent from a week earlier.
Oil product inventories at the UAE’s Port of Fujairah climbed to a five-week high led by a record increase in fuel oils for power generation and marine bunkers.
Total stockpiles stood at 20.77 million barrels as of April 5, up 7.7 percent from a week earlier and the highest since March 1, according to Fujairah Oil Industry Zone data released Wednesday exclusively to S&P Global Platts.
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