Oil Stocks Climb 7% on Week, Capping Record Annual Gain

Credits: Ronan Furuta/Unsplash
  • Total rises 29% for year
  • Light distillates lead gains for year
  • Heavy distillates drop 3.3% on week

Oil product stockpiles at the UAE’s Port of Fujairah rose 7.1% in the week ended Dec. 26, capping a record annual gain, according to Fujairah Oil Industry Zone data published Dec. 28, reports Platts.

Total inventories were 20.669 million barrels as of Dec. 26, the highest in two weeks, the FOIZ data provided exclusively to S&P Global Commodities Insights showed.

The...

https://mfame.guru/oil-stocks-climb-7-on-week-capping-record-annual-gain/

Leave a Comment