FUJAIRAH DATA: Oil product stocks hit new all-time low of 5.145 mil barrels

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Oil product stocks at Fujairah in the UAE dropped to a record low of 5.145 million barrels, with light distillates like gasoline falling 33%. These inventory declines reflect tightening supply conditions in this major oil storage and bunkering hub.

Oil product inventories at Fujairah in the UAE declined 4.3% in the week ended June 15 to a fresh record low of 5.145 million barrels, according to Fujairah Oil Industry Zone data published June 17. Stocks of light distillates, including gasoline and naphtha, fell 33% to a new all-time low of 1.376 million barrels. Inventories ...