FUJAIRAH DATA: Oil product stocks hit four-week low, middle distillates decline most

Stockpiles of oil products at the UAE’s Port of Fujairah dropped 1.3% in the week ended May 1, with all categories showing declines except for heavy distillates, according to data published May 3 by the Fujairah Oil Industry Zone. Total inventories fell to a four-week low of 19.693 million barrels as of May 1, the FOIZ data provided exclusively to…