Home Port News FUJAIRAH DATA: Oil product stocks fall to pre-pandemic level for first time

FUJAIRAH DATA: Oil product stocks fall to pre-pandemic level for first time

Stockpiles of oil products at the UAE’s Port of Fujairah fell to a near two-year low, returning to levels prior to the COVID-19 pandemic for the first time, helped by increased demand for fuel oils for power generation and shipping that has pushed up prices. The stockpiles were at 17.68 million barrels as of Aug. …

The post FUJAIRAH DATA: Oil product stocks fall to pre-pandemic level for first time first appeared on Hellenic Shipping News Worldwide. Source

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