FUJAIRAH DATA: Oil product stockpiles reach four-week low as heavy, light distillates fall
Stockpiles of oil products at the UAE’s Port of Fujairah fell 7.1% in the week ended March 13, led by a 12% decline in heavy distillates used for power generation and marine bunkers, according to Fujairah Oil Industry Zone data published March 15. Total inventories were 19.407 million barrels as of March 13, the lowest since Feb. 14, the FOIZ…