Fujairah oil stocks on the rise


The volume of oil products stored in Fujairah have risen to their highest level since early June.

Authorities say a surge in regional demand and preparations for new sulphur regulations on marine fuels is driving more supplies into the eastern UAE port.

Fujairah's stocks rose by almost 11 per cent to 2.21 million barrels last week to stand at a total of 22.7 million barrels.

The emirate has the Middle East's largest commercial storage capacity for refined products.

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