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Fujairah data: Oil product stocks soar 16%, biggest jump in more than two years

Oil product inventories at the UAE’s Port of Fujairah climbed 16% in the week to May 31, the biggest increase since the first week of 2019, with gains posted in all categories, showed Fujairah Oil Industry Zone data provided exclusively to S&P Global Platts on June 2. The total stood at 23.694 million barrels on . ....

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The Maritime Relations of India, the Maldives and Sri Lanka


The Maritime Relations of India, the Maldives and Sri Lanka
Daily News (via HT Media Ltd.)
The Maldives, Sri Lanka and India share a maritime neighbourhood in the Indian Ocean (IO). The Indian Maritime Security Strategy is clear that India’s maritime neighbourhood and its navy are important facets of its political and economic relationships with countries in that region.
The Maldives and Sri Lanka are strategically located close to major sea lines of communication.
India considers the Maldives and Sri Lanka as being in its sphere of influence, which makes China’s increasing footprint in the island countries a major concern for New Delhi. ....

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