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FinancialNews
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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