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Fujairah / WAM
Oil products stockpiles at the Port of Fujairah rose 11 percent over the past week to 23.931 million barrels by Monday, the highest level in 20 months, according to data obtained by S&P Global Platts on Wednesday.
The gain was led by heavy residue inventories posting a 17 percent week-on-week increase to reach 10.12 million barrels, a seven-month high, according to the data provided by the Fujairah Oil Industry Zone (FOIZ), to Platts.
The total of 23.931 million barrels is the highest since July 2017.