FUJAIRAH DATA: Oil product stockpiles extend gains to five-month high

Stockpiles of oil products at the UAE’s Port of Fujairah climbed for a second consecutive week to a five-month high as of May 15, led by a 35% surge in jet fuel, diesel and other middle distillates, according to May 17 data from the Fujairah Oil Industry Zone. Total inventories climbed 7.5% on the week to 24.9 million barrels, the…