Fujairah’s fuel oil stocks drawn 27% in May so far

Fujairah’s residual fuel oil inventories have averaged 27% lower so far this month compared to April, according to the latest data from Fujairah Oil Industry Zone (FOIZ) and S&P Global. Changes in monthly average Fujairah stocks from April to May (thus far): Heavy distillate and residual stocks down 1.03 million bbls to 2.83 million bbls …

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