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Oil product stockpiles at the UAE's port of Fujairah fell to a four-month low, led by a decline in fuel for power generation and marine bunkers, with total inventories at 18.747 million barrels on August 2, down 10.5% from a week earlier and the lowest since March 22. Recent tanker incidents near Fujairah may lead shippers to be more cautious about traveling to the area for a few days but are unlikely to stay away for long if vessels are no longer attacked.   

FUJAIRAH DATA: Oil product stocks fall to four-month low as fuel oil exports rise

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Oil product stockpiles at the UAE’s port of Fujairah fell to a four-month low, led by a decline in fuel for power generation and marine bunkers, with total inventories at 18.747 million barrels on August 2, down 10.5% from a week earlier and the lowest since March 22. Recent tanker incidents near Fujairah may lead shippers to be more cautious about traveling to the area for a few days but are unlikely to stay away for long if vessels are no longer attacked. 

 

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