FUJAIRAH DATA: Oil product inventory rises as light distillates stocks soar 18%

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Stockpiles of oil products at the UAE’s Port of Fujairah rose 3.5% in the week ended April 10, led by a spike in light distillates, according to Fujairah Oil Industry Zone data published April 12. Total inventories rose to 19.863 million barrels, the highest level since March 27, the FOIZ data provided exclusively to S&P Global Commodity Insights showed. Stockpiles…