Stockpiles of light, middle and heavy distillates at the oil trading and bunkering hub of Fujairah declined to a two-month low July 6, extending declines from the record set in early June amid signs of improved demand for transportation fuels as nations ease travel restrictions. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Total inventory stood at 27.361 million barrels as of July 6, down 4% week on week, the Fujairah Oil Industry Zone said July 8. Stockpiles are now the lowest since May 4 and down 11% since the record 30.71 million barrels on June 1, according to the inventory data compiled and published by S&P Global Platts since January 2017. Light distillates such […]