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Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The total inventories stood at 23.445 million barrels as of May 17, up 5.4% from a week earlier as light distillates stockpile jumped 20%, the biggest gain in six months, according to Fujairah Oil Industry Zone, or FOIZ, data provided exclusively to S&P Global Platts. The latest update, published May 19, showed stocks of middle distillates such as jet fuel hit a three-week low and heavy distillates such as fuel oil for marine bunkers and power generation were at a two-week high. ...

IFAD Murban crude futures see strong start but end-month volatility fuel concerns Trading activity for Murban crude futures on the ICE Futures Abu Dhabi, or IFAD, exchange in April points to a strong start for the nascent contract, but traders say end-month volatility in the key front-month contract is a cause for concern. More broadly, traders say the launch of IFAD Murban has made it easier to value and trade all Abu Dhabi grades against benchmark Platts Dubai, which is used directly or indirectly in the pricing of nearly all Middle East crudes as well as grades from Far East Russia.

Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Total open interest for the 12 months on the board were up 100 lots from the prior trading day, and up 5,651 lots from February 1. Open interest data is delayed by one day. The futures contract, launched in March 2015, is based on crude storage capacity at the Louisiana Offshore Oil Port. The contract allows the buyer the right, but not the obligation to store crude for a calendar month at LOOP. Trading volume has slipped from March 1, when a near record 4,325 contracts traded, c...

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