Fujairah Stockpiles Climb To 2-week High, 22% Gain in Middle Distillates

  • Light distillates up 73% this year
  • Heavy distillates still close to 17-month high
  • Bunker prices, sales at Fujairah fall

Oil product stockpiles at the UAE’s Port of Fujairah climbed 5.4% to a two-week high in the week ended Nov. 21, led by gains in light and middle distillates stocks, reports Platts quoting the Fujairah Oil Industry Zone data published Nov. 23.

Total inventories were 25.143 million barrels as of Nov. 21, the highest since Nov. 7 when stockpiles were at a two-year high, the data...

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