 Stockpiles of oil products at Fujairah on the UAE’s east coast continued to decline for the seventh week in a row, further eroding inventories that had climbed to a record high on June 1. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Inventories fell to 24.233 million barrels as of Aug. 10, down 3.1% from a week earlier, according to an Aug. 10 report from the Fujairah Oil Industry Zone, provided exclusively to S&P Global Platts. Stockpiles are now the lowest since April 20 and have declined 21% from the all-time high of 30.71 million barrels on June 1. Light distillates fell 5.1% week on week to 6.915 million barrels, the steepest decline among the three oil product categories. The category […]