FUJAIRAH DATA: Oil product stockpiles fall for first time in 3 weeks

Stockpiles of oil products at the UAE’s Port of Fujairah dropped for the first time in three weeks in the seven days ended May 22 as exports for fuel oils used in power generation and shipping picked up, according to the latest shipping and port data. Total inventories fell 8.2% on the week to 22.851 million barrels as of May…