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FinancialNews
27-02-20
Inventories of oil products at bunker trading hub of Fujairah to increase
(MENAFN) Data by exclusively to S&P Global Platts showed that, this week's inventories of oil products at the bunker trading hub of Fujairah in the UAE increased to a record after gains in light, middle and heavy distillates.
According to data from the Fujairah Oil Industry Zone, inventories grew 13 percent weekly to 25.98 million barrels as of Monday, an increase from 25.749 million on April 29, 2019; stock reporting in Fujairah started at the start of 2017.
Heavy distillates and residue inventories rose 17 percent to 15.167 million barrels.
Stockpiles of middle distillates, like gasoil, diesel, marine gasoil, jet fuel and kerosene, increased 28 percent to 3.402 million barrels, a three-week high, while light distillates rose 1 percent to 7.411 million barrels.
MENAFN2702202000450000ID1099766386
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