Fujairah oil products record decline

Gulf Today, Staff Reporter 

Fujairah oil products stockpiles declined to their lowest level in 2021, however, exports of fuel oil set a high record.

On Monday, the stockpiles had a total inventory of 20, 854 million barrels, down 1.6 per cent from the previous week, according to Fujairah Oil Industry Zone (FOIZ).

Heavy distillates, including marine bunkers and fuel oil, slid by 3 per cent to 9.487 million barrels. 

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Middle distillates stocks amounted to 4.166 million barrels as of Monday, it slid by 5 per cent from the previous week.

Light distillates, including gasoline and naphtha stocks, rose to 7.201 million barrels, rising by 3 per cent from a week earlier.

All 11 commercial terminal operators at Fujairah participate in the weekly inventory report, according to FOIZ.