FUJAIRAH DATA: Oil product stocks see heaviest decline since 2022

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Oil product stocks at Fujairah in the UAE fell by 23% in the week to July 27, marking the largest decline since February 2022. Heavy distillates plunged 41%, with total stocks reaching a five-week low, highlighting tighter oil product availability in the region.

Oil product inventories at Fujairah in the UAE decreased 23% in the week to July 27, marking the biggest decline since February 2022, according to Fujairah Oil Industry Zone data published July 29. The drop was led by a 41% fall in heavy distillates. The total fell to 6.511 million barrels, a five-week low, the ...