Port of Fujairah oil product inventories edged 0.4% lower w/w to 17.803 mn bbls according to FOIZ data published Aug. 28. Stockpiles have increased 2.7% since the end of 2023.

• Stocks of light distillates dropped 14% to 6.282 million barrels,
• Middle distillates declined 7.4% to 2.586 million barrels. Both categories fell to two-week lows.
• Heavy distillates and residues jumped 15% to 8.935 million barrels.