FUJAIRAH DATA: Stocks of oil products hit 2-month low as all categories shrink | Hellenic Shipping News Worldwide
FUJAIRAH DATA: Stocks of oil products hit 2-month low as all categories shrink Oil products stockpiles at the Port of Fujairah outside of the Strait of Hormuz in the Persian Gulf dropped to a two-month low, with some traders forced to buy marine bunkers after holding off because of escalating prices. Total inventory was 21.183 million barrels on Feb. 8, down 9% from a week earlier and the lowest since Nov. 30, according to Fujairah Oil Industry Zone, or FOIZ, data released Feb. 10 exclusively to S&P Global Platts. It was the biggest percentage weekly decline since Oct. 26. Middle distillates ...
Source: hellenicshippingnews.com