Oil Product Stocks Fall To 4-Week Low Amid Soft Holiday Trading

Capt. John
  • Eid-al-Fitr holidays cause a slump in refined oil product stockpiles at Fujairah.
  • Total inventories at the hub dropped 0.5% over the past week to 23.889 million barrel.
  • Fujairah-delivered 380 CST bunker fuel was assessed at $394.75/mt as of last week with little change from $395.10/mt a week earlier.
  • According to an article published by Platts, refined oil product stockpiles at Fujairah in the UAE fell to a four-week low as of Monday.
Middle East bunkering hub drops

Amid muted trading during...

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