Fujairah Oil Stocks Record 18-months Low Amid Demand Recovery

  • 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 tumble

The 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/

Fujairah Fuel Oil Stocks Soar High

Oil stocks including those of bunker fuel at the Middle Eastern bunkering and shipping hub of Fujairah have risen to their highest level since late August, reports Ship & Bunker citing Fujairah Oil Industry Zone data.

Fuel oil stocks

Total barrels stood at 24.6 million in mid-December. There were last higher on August 31 at 25.1 million barrels, according to the report.

  • Heavy distillates including fuel for power generation and bunkers were up 11% to 11.3 million barrels in the previous week (to...

https://mfame.guru/fujairah-fuel-oil-stocks-soar-high/

Fujairah Fuel Oil Stocks Dip To 15-Week Low

  • Fujairah fuel oil stocks drop to 15-week low.
  • Heavy distillate and residue inventories at the port dropped by 2.7% to 13.795 million barrels.
  • VLSFO prices at Fujairah changed little over the week to Monday, losing $4.50/mt to $344/mt. 

According to the Fujairah Oil Industry Zone, fuel oil stocks drop to 15-week low, reports Ship & Bunker.

Lowest since April

Heavy distillate and residue inventories at the port dropped by 2.7% to 13.795 million barrels in the week to Monday, Platts reported...

https://mfame.guru/fujairah-fuel-oil-stocks-dip-to-15-week-low/

Fujairah Fueloil Data: Heavy Distillates Stocks Slip

  • Fuel oil stocks in storage at the Middle Eastern hub of Fujairah slipped by 11% this week, reports Global Platts and Fujairah Oil Industry Zone.
  • Heavy distillate and residue inventories dropped to 13.556 million barrels, down from the previous week’s three-month high.

According to data from the Fujairah Oil Industry Zone and price reporting agency Global Platts, fuel oil stocks in storage at the Middle Eastern hub of Fujairah slipped by 11% this week, reports Ship&Bunker.

Drop in heavy...

http://mfame.guru/fujairah-fueloil-data-heavy-distillates-stocks-slip/

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