STOCKS DATA: Fujairah fuel stocks creep higher, 25% above July 2019 levels

Quantum Commodity Intelligence - Fuel oil stocks at the bunkering hub of Fujairah in the UAE rose marginally in the week ending 12 July, although they remain 4% below the average so far this year, according to FEDCom data.

Inventories at the world's third-largest bunkering hub rose 661,000 barrels to 11.71 million, according to the data published Wednesday.

The figure is 4% below the average so far this year, but 25% above the July 2019 average, before the pandemic began.

Meanwhile, light end stocks, such as gasoline and naphtha, fell to a three week low of 6.2 million barrels.

The figure is up 4% on the average so far this year, but down a whopping 18% from average stocks levels in July 2019.

Stocks of middle distillates, such as jet and diesel, were broadly flat at 3.7 million barrels.

The figure is up 3% on the average so far this year and nearly double the July 2019 average.