FUJAIRAH DATA: Oil product stocks rise another 17% in week to June 29

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Oil product stocks at Fujairah in the UAE increased by 17% in the week to June 29, reaching 7.999 million barrels, the highest since mid-March. Heavy distillates were the main contributors to this build-up, continuing a recent trend of significant inventory increases in the region.

Oil product inventories at Fujairah in the UAE climbed 17% in the week to June 29, with heavy distillates again leading the gains, according to Fujairah Oil Industry Zone data published July 1. The total climbed to 7.999 million barrels, the highest since March 13 and building on the record 33% increase in the prior ...