17OCT2019 - NEWS - Fujairah residue stocks at 2-year high as LSFO inflow rises ahead of IMO 2020

Stocks of heavy distillates and residues at Fujairah have jumped to a two-year high this week, as a projected rise in marine fuel demand ahead of IMO 2020 has driven more low sulfur supplies into the Middle Eastern port.

Heavy distillates and residues at Fujairah rose 1.5% to 12.771 million barrels in the week to Monday, according to Fujairah Oil Industry Zone data released late Wednesday.