12JUL2019 - NEWS - Fujairah oil products stocks climb for first time in six weeks

Stockpiles of oil products at the Fujairah port in the UAE increased for the first time in six weeks, against a backdrop of strong summer demand from utilities in the region and for jet fuel from Europe, data released Wednesday by the Fujairah Oil Industry Zone showed.

Total stockpiles rose 4.2 percent over the past week to 19.36 million barrels as of Monday, July 8, led by a 41 percent surge in middle distillates which include jet fuel and marine bunker gasoil. Heavy distillates and residues inventory, including fuels used for marine bunkers, were little changed at 9.865 million barrels.