Fujairah finished oil inventories fell 20% to 8.216 million barrels in the week ended September 28. According to Sina Finance, data released by the Fujairah Oil Industry Zone on September 30 showed heavy distillate inventories dropped 30% to 3.91 million barrels, light distillate inventories fell 23% to 1.616 million barrels, and middle distillate inventories rose 3.3% to 2.69 million barrels.
The decline followed the previous week's record 59% jump in total inventories to 10.296 million barrels. According to Sina Finance, ship-tracking data released on September 24 showed average Fujairah fuel oil imports in September at 126,000 barrels per day, up 96,000 barrels per day from August, while exports averaged 262,000 barrels per day, down 44,000 barrels per day from August.
