Picture used for illustrative purpose. File
Gulf Today Report
Fujairah oil products stockpiles recorded gains across all categories for the first time in eight weeks.
On Monday, the total inventory amounted to 23.282 million barrels, recording a 7 per cent increase from the previous week, according to Fujairah Oil Industry Zone data.
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Middle distillates had the highest gains, recording 15 per cent gain to 5.171 million barrels after rising 16 per cent a week earlier.
Heavy distillates inventories, including marine bunkers and the fuel used in power generation, stood at 10.78 million barrels, increasing by 8 per cent from the previous week.
Light distillates stockpiles, including gasoline and naphtha, amounted to 7.331 million barrels, up 1 per cent from the previous week.
As of Monday, the total inventory amounted to 21.759 million barrels, 1.8 per cent below that of the previous week.
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).
On Monday, stockpiles inventories amounted to 19.671 million barrels, lower by 2.8 per cent from a week earlier, making it the lowest since 26th October when it was at a 13-month low.
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