Fujairah Middle Distillates Stocks Jump By 32 Percent
Mohammad Ali (@ChaudhryMAli88) Published March 13, 2019 | 03:15 PM
Stockpiles of middle distillates at the Middle Eastern hub of Fujairah climbed 32 percent in the week to Monday, even as total refined product inventories were little changed, according to data from the Port of Fujairah
FUJAIRAH, (UrduPoint / Pakistan Point News / WAM - 13th Mar, 2019) Stockpiles of middle distillates at the Middle Eastern hub of Fujairah climbed 32 percent in the week to Monday, even as total refined product inventories were little changed, according to data from the Port of Fujairah.
Middle distillates, such as LPG used in cooking, jumped to 2.609 million barrels, a two-week high, while the total refined product inventories inched up 0.4 percent to 21.641 million barrels. It was the biggest increase for middle distillates since 4th February.
Meanwhile, heavy residue stocks were up 1 percent at 8.
633 million barrels.
Light distillate stocks moved in the opposite direction, slipping 5 percent on the week to 10.399 million barrels, near the lowest level of the year set on 14th January at 10.318 million barrels. Light distillates include gasoline.
Fujairah is one of the key ports in the world for bunker fuel sales, along with the likes of Singapore and Rotterdam.
S&P Global Platts holds exclusive rights to publish Fujairah oil inventory data, and has deployed a blockchain network for its collation.
Recent Stories
Nazish Jahangir denies viral screenshots, calls it fake
Govt likely to hike electricity price once again
Bismah Maroof announces immediate retirement from international cricket
Malala expresses unwavering support for Gaza people
Selection committee dissolved over Pakistan women cricket team's poor performanc ..
Punjab CM Maryam Nawaz in police uniform at Chung police center
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 25 April 2024
Today Gold Rate in Pakistan 25 April 2024
Mired in crisis, Boeing reports another loss
Session Awarding Ceremony 2024 held at Cadet College Muzaffarabad
Austrian ski great Hirscher to make comeback under Dutch flag
Pakistan, Japan agrees to convene 'Economic Policy Dialogue'
More Stories From Middle East
-
UAE announces ‘Zero Bureaucracy Program’ to reduce bureaucracy
3 months ago -
COP28 President-Designate welcomes Transitional Committee agreement to operationalise Loss and Damag ..
6 months ago -
Global Media Congress 2023 to feature Co-Production Majlis as a new networking platform
6 months ago -
Young female athletes shine at Abu Dhabi World Youth Jiu-Jitsu Championship
6 months ago -
King of Jordan receives Abdullah bin Zayed and ministers participating in Arab coordination meeting
6 months ago -
Abdullah bin Zayed participates in coordination meeting of Arab foreign ministers, joint meeting wit ..
6 months ago
-
3rd annual conference of Emirates Society of Clinical Microbiology kicks off in Dubai
6 months ago -
SIBF 2023 hosts Nobel laureate to discuss emergence of ‘Afrofuturism’ in global discourse
6 months ago -
ALC announces winners of Kanz Al Jeel Award 2023
6 months ago -
SIBF turns spotlight on remarkable contributions of women
6 months ago -
Global assets in spot bitcoin ETFs hit $4.16 billion
6 months ago -
Rescuers struggle to find Nepal quake survivors as deaths reach 157
6 months ago