Volumes of oil products held in storage at Fujairah climbed to their highest since the all-time high seen in February as tumbling demand from the coronavirus pandemic left more supplies in the eastern UAE port. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Stocks rose 5.3% over the past week to 24.953 million barrels as of Monday, with the greatest build seen in light distillates, according to data released Wednesday by the Fujairah Oil Industry Zone. Stocks are now the highest since the record of 25.98 million barrels was set on February 24. The Fujairah stock reporting began in January 2017. “With the demand depression caused by coronavirus, crude and oil product markets are in a steep contango structure,” Alex […]