Fujairah’s fuel oil inventories surged this month

AI Summary

Fujairah’s fuel oil inventories surged by 74% in July compared to June, with heavy distillate and residual stocks increasing significantly. This stock accumulation is supported by data from Fujairah Oil Industry Zone and S&P Global.

Fujairah’s fuel oil stocks have averaged 74% 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 2.54 million bbls to 5.98 million bbls • Middle distillate stocks ...