- Heavy distillates inventories plunge 20%
- Drop in light distillates seen short lived
- OPEC+ cuts also contributing to shrinking stocks
- Inventories were at record 30.71 mil barrels in June
Oil products stockpiles at the UAE’s Port of Fujairah slumped to an 18-month low, with fuel oil recording the biggest plunge in more than two years on signs of recovering demand from the pandemic, reports Platts.
Oil stocks tumbleThe total stood at 17.966 million barrels on March 8, down 14% from a week earlier...
https://mfame.guru/fujairah-oil-stocks-record-18-months-low-amid-demand-recovery/