Oil product stockpiles at the Middle East’s key oil hub of Fujairah rose 6.4% in the week to Monday, climbing to a record high for a second consecutive week as light, middle and heavy distillates all saw builds. Total product stocks were 27.859 million barrels, up from the previous high of 26.192 million barrels a week earlier, according to data released Wednesday by the Fujairah Oil Industry Zone. S&P Global Platts has been the official publisher of the oil stock data since January 2017. The biggest increase was in middle distillates, which rose 13% to 5.466 million barrels, an all-time high for that category. The […]