image description
image description

Archives


  • 18-03-20

    Oil product stocks in Middle Eastern hub of Fujairah increase 8 percent

    (MENAFN) Data issued by the Fujairah Oil Industry Zone showed that, on Monday, oil product stocks in the Middle Eastern hub of Fujairah increased 8 percent weakly to 23.302 million barrels.

     

    As efforts to contain the COVID-19, took hold, all oil product categories showed rises, according to the data released on Wednesday.

     

    The main increase was in middle distillate stocks, which grew 23 percent to 3.071 million barrels, the top in 3 weeks.

     

    The category comprises jet fuel, which has been affected by COVID-19 as many governments impose travel restrictions and lockdowns for entire countries to try to contain the virus.

     

    Light distillate stocks rose 5 percent week on week to 7.065 million barrels, a 2-week high; the category includes gasoline, gasoline blending components and naphtha and other light petrochemical feedstocks and condensates.

    MENAFN1803202000450000ID1099874310

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved