Fujairah oil stockpiles jump by 12 per cent

Fujairah oil stockpiles jump by 12 per cent

Heavy distillates jumped by 18 per cent, middle distillates by 13 per cent and light distillates by 3 per cent.

The last time the three categories recorded week-on-week gains was in August.

However, export has slowed down across the three categories in recent months. In November, middle distillates exported was 96,00 b/d, down from 137,000 b/d in June.  While 213,000 b/d of fuel oil was exported, down from 282,000 b/d in October. Light distillates exports were only 99,000 b/d in November, down from 312,000 b/d in August, according to Kpler data.