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Fujairah data: Oil product stocks rise as light distillates soar 43% | Hellenic Shipping News Worldwide

Fujairah data: Oil product stocks rise as light distillates soar 43% | Hellenic Shipping News Worldwide
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FUJAIRAH DATA: Oil product stocks retreat across the board, light distillates near record low

FUJAIRAH DATA: Oil product stocks retreat across the board, light distillates near record low http://www.chemnet.com   Jun 09,2021 S&P global   Oil product inventories at Fujairah on the UAE s east coast slipped to a two-week low as light distillates shrank to the smallest since the record low in October 2020 on growing demand for naphtha in Asia.   The total inventory was 22.335 million barrels as of June 7, down 5.7% from a week earlier and the lowest since May 24, according to Fujairah Oil Industry Zone data provided exclusively on June 9 to S&P Global Platts. All categories showed declines, with light distillates such as gasoline and naphtha down 4.7% to 4.978 million barrels, the lowest since Oct. 26, 2020, when they hit a record low of 4.198 million barrels. Middle distillates and heavy distillates also dropped to two-week lows.

Fujairah data: Oil product stocks soar 16%, biggest jump in more than two years

Oil product inventories at the UAE’s Port of Fujairah climbed 16% in the week to May 31, the biggest increase since the first week of 2019, with gains posted in all categories, showed Fujairah Oil Industry Zone data provided exclusively to S&P Global Platts on June 2. The total stood at 23.694 million barrels on .

ENGINE: East of Suez Bunker Fuel Availability Outlook | Hellenic Shipping News Worldwide

Prompt delivery slots available amid more muted bunker demand in Fujairah, and weaker bunker demand weighs on VLSFO refinery margins in Singapore. Singapore’s fuel oil inventories fell to two-month lows of 22.88 million bbls last week. The stocks have been drawn down as Singapore imported 37% less fuel oil on a weekly average in May .

FUJAIRAH DATA: Oil product stocks drop to six-week low as exports pick up | Hellenic Shipping News Worldwide

FUJAIRAH DATA: Oil product stocks drop to six-week low as exports pick up Oil product stockpiles at the UAE’s Port of Fujairah fell to a six-week low with exports picking up, even as prices for everything from gasoline to low sulfur marine bunkers fell in the region. The total inventory was 20.389 million barrels on May 24, down 13% from a week earlier and the lowest since April 12, according to Fujairah Oil Industry Zone (FOIZ) data shared exclusively with S&P Global Platts May 26. It was the biggest drop in percentage terms since early March while the actual decline of 3.056 million barrels was the biggest retreat since the end of 2019 when stockpiles stood at 18.568 million barrels.

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