Fujairah oil products decline for the 4th week

Fujairah oil products decline for the 4th week

GDRFA and Dubai Tourism ink deal to promote online services

Middle distillates on 11th January stood at 4.4 million barrels,2 per cent less from a week earlier and its lowest since 26th October 2020.

The middle distillates are the hardest-hit product in 2020 due to the pandemic effects on demand for jet fuel.

Inventories of heavy distillates dropped 11 per cent in the week to 11th January to 10.38 million barrels, the lowest since 7th December 2020.

Light distillates stocks were at 7.342 million barrels as of 11th January, jumped by 1 per cent from a week earlier.