08MAR2019 - NEWS - Oil product stocks at Port of Fujairah of UAE fell by around 2.3 percent as on 04 March

As of Monday, March 4 total oil product stocks in Fujairah stood at 21.547 million barrels. Inventory levels fell 2.3% or 513,000 barrels week on week based mainly on a draw down in volumes of heavy residues. Stocks of light distillates rose by 5.1% week on week. Total volumes rose by 534,000 barrels to stand at 10.99 million barrels. Light distillates stocks have held steady above the 10 million barrels level since the start of 2019. Despite the build in light distillate stocks, the East of Suez gasoline market showed signs of strength with turnarounds across a number of North Asian refiners expected to lead to an impact on supplies in the region.

Published by Editor - www.Livebunkers.com at 08-Mar-2019 04:54:34 [UTC] , contact editor at editor@livebunkers.com