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  • 28-07-18

    UAE's Fujairah posts 4 percent decline in oil product stocks

    (MENAFN) The UAE's Fujairah was found to have recorded a 4 percent decline in its oil product stocks in the week to Monday, a drop from the seven-month high recorded a week ago.

    Citing the Fujairah Energy Data Committee, WAM reported total oil stocks to have fallen to reach 19.298 million barrels, a drop from 813,000 barrels posted last week.

    Light distillate stocks have recorded the most major decline, with a 12.6 percent fall, reaching 6.403 million barrels.

    S&P Global Platts Analytics explained in a report "fundamentals remained largely unchanged - weak in Asia amidst ample supply, but stronger in the Middle East."

    MENAFN2807201800450000ID1097211585

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