Drop led by 20% slump in middle distillates Inventories fall from 25-month high Heavy distillates drop most since Aug. 21 Oil product stockpiles at the UAE’s Port of Fujairah fell 9.9% in the week ended Oct. 17, the biggest slump since June and the first decline in four weeks, according to Fujairah Oil Industry Zone data published Oct. 19. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The stocks totaled 22.458 million barrels, the lowest in four weeks after hitting a 25-month high a week earlier, according to the FOIZ data shared exclusively with S&P Global Commodity Insights. The decline was widespread, led by a 20% tumble in jet fuel and other middle distillates to 3.169 million barrels, a four-week low. Light distillates such as gasoline and petrochemical feedstock naphtha fell 4.4% on the week to 7.218 million barrels, also a four-week […]