FUJAIRAH DATA: Oil product stocks rise on week led by record jump in fuel oils

S&P Global Platts | Apr 7, 2021 at 9:54 AM
  • Oil product inventories at the UAE’s Port of Fujairah climbed to a five-week high led by a record increase in fuel oils for power generation and marine bunkers.
  • Total stockpiles stood at 20.77 million barrels as of April 5, up 7.7% from a week earlier and the highest since March 1.
  • Stocks of middle distillates such as jet fuel, gasoil and kerosene fell to 3.348 million barrels as of April 5, down 5% from a week earlier and the lowest since April 13, 2020.