Ports and Shipping - WORLDWIDE SHIPPING INDUSTRY - Fujairah stockpiles climb to record on 11pc jump in light distillates.

Oil product inventories in the Fujairah trading hub rose 2 percent week on week to a record 25.749 million barrels, led by an 11 percent jump in gasoline and other light distillates, data released Wednesday by the Fujairah Oil Industry Zone at the city's port showed.

Light products inventories jumped to 11.975 million barrels, the highest since January 28, and exceeding the total for marine fuel and other heavy residues for the first time since April 1, the data showed. Heavy residues stockpiles dropped 5.2percent to 11.782 million barrels, while middle distillates inventories declined 1percent to 1.992 million barrels. Total Fujairah stockpiles were up...