FUJAIRAH DATA: Oil product stocks fall after record Saudi fuel oil shipment

Oil product stockpiles at the UAE’s Port of Fujairah dropped for the first time in three weeks after a record shipment of fuel oil to Saudi Arabia ahead of peak summer power demand. The total inventory was 17.742 million barrels as of May 16, down 3.1% from a week earlier and the lowest in two weeks, according to data from…