FUJAIRAH DATA: Oil product stocks drop for first time in three weeks

Stockpiles of oil products at the UAE’s Port of Fujairah dropped 6.4% in the week ended Oct. 16, the first decline in three weeks, according to data from the Fujairah Oil Industry Zone. The total fell to 18.509 million barrels as of Oct. 16, after climbing 20% in the previous two weeks, the FOIZ data published Oct. 18 showed. The…Stockpiles of oil products at the UAE’s Port of Fujairah dropped 6.4% in the week ended Oct. 16, the first decline in three weeks, according to data from the Fujairah Oil Industry Zone. The total fell to 18.509 million barrels as of Oct. 16, after climbing 20% in the previous two weeks, the FOIZ data published Oct. 18 showed. The…  Read More