Fujairah stocks surpass 30M barrels for first time

Product stockpiles at the UAE’s East Coast port of Fujairah have surpassed 30 million barrels for the first time, with inventories of both middle distillates such as jet fuel and heavy distillates such as marine fuel hitting all-time highs, data released today, Wednesday, by the Fujairah Oil Industry Zone, FOIZ, showed. Total stockpiles rose 8.6 per cent week on week to 30.262 million barrels Monday, the third consecutive weekly record high, the data showed.