Fujairah’s fuel oil inventories surged significantly coming into July

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Fuel oil inventories in Fujairah have surged by 112% in early July compared to June, with heavy distillate and residual stocks increasing significantly. However, middle distillate stocks have decreased slightly, according to data from Fujairah Oil Industry Zone and S&P Global.

Fujairah’s fuel oil stocks have averaged 112% higher so far in July than across June, Fujairah Oil Industry Zone (FOIZ) and S&P Global data shows. Changes in monthly average Fujairah stocks from June to July (so far): Heavy distillate and residual stocks up 3.87 million bbls to 7.32 million bbls Middle distillate stocks down 149,000 ...