- 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/