Light distillates Archives - Maritime Shipping News

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

25 November 2022

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...

https://mfame.guru/fujairah-stockpiles-climb-to-2-week-high-22-gain-in-middle-distillates/

Oil Stocks Witness 9-Month Lows Wiping Off 2020 Gains

17 October 2020

Fujairah stockpiles on the UAE’s East Coast tumbled to a nine-month low wiping out gains for the year.
Stockpiles have dropped for a record seven weeks in a row and have declined a whopping 36% since the record high of 30.71 million barrels.
Exports of heavy distillates from Fujairah in the week started October 5 soared to 3.39 million barrels.
Middle distillates stocks, including jet fuel and gasoil, jumped 15% in the week ended October 12 to 4.435 million barrels, a three-week high.
Light...

https://mfame.guru/oil-stocks-witness-9-month-lows-wiping-off-2020-gains/

Fujairah Witnesses Oil Stockpiles as Distillates Take a Tumble

8 January 2020

Oil products stockpiles at the Fujairah trading hub in the UAE ended 2019 with their biggest annual gain, led by a more than doubling in middle distillates such as jet fuel, reports Platts.

Significant decline in oil products

Total volumes in the port rose 7% for the year to 18.568 million barrels after a 2.3% gain in 2018 and a 12% drop in 2017, according to data from the Fujairah Oil Industry Zone and compiled by S&P Global Platts. The figures updated showed a 16% decline for the week to...

http://mfame.guru/fujairah-witnesses-oil-stockpiles-as-distillates-take-a-tumble/

Q4 Market: Winter Demand To Support Asian Middle Distillates

3 November 2019

There is a 50% cut in Saudi crude production following last month’s attacks on oil infrastructure.
This is likely to result in a proportional decrease in LPG production by 10,000-15,000 b/d on a monthly average basis.
In Asia, the balance Oct/Nov swap spread and Nov/Dec swap spread were assessed at plus $3.30/b and plus $2.05/b respectively.
Following the Saudi attacks, the Oct/Nov swap spread peaked at $3.05/b on September 17, while the Nov/Dec swap spread peaked at $1.74/b on September 20.
Ph...

http://mfame.guru/q4-market-winter-demand-to-support-asian-middle-distillates/