Oil inventories stock gain in Fujairah
- 17 Dec 2020
Gulf Today Report
Fujairah oil stockpiles advanced by 6.7 per cent, the highest gain since the end of August, stated data from the Fujairah Oil Industry Zone.
According to data, heavy distillates rose 11 per cent to 11. 327 million barrels. Middle distillate declined 0.1 per cent to 6.054 million barrels. Lastly, light distillate gained 6.4 per cent to 7.257 million barrels.
The inventories amounted to 24.639 million barrels, an increase of 1.550 million barrels from the previous week.
READ MORE
Gold increases as US stimulus lower the dollar
India's November retail inflation eases to 7%, food prices cool down
A new and creative neighbourhood worth Dhs24b launched in Sharjah
Bunker values in Fujairah increased in the front-month ICE Brent futures underpinning price levels.
India is still a bright spot for gas oil demand. Its demand is growing for the third straight month.
