FUJAIRAH DATA: Oil product stockpiles drop 1.5% after second-highest annual exports

Oil product stockpiles at the UAE’s Port of Fujairah dropped 1.5% in the week ended Jan. 2, after exports for 2022 reached the second-highest on record, according to Fujairah Oil Industry Zone and Kpler data. Total inventories were at 20.349 million barrels as of Jan. 2, a two-week low, the FOIZ data provided exclusively to S&P Global Commodities Insights on…