ZeroHedge· Tyler Durden·· 14 hr agoAI Score41
Record oil output and empty tanks: the UAE's 'miracle recovery'
Record Oil, Empty Tanks: The UAE's Miracle Recovery
AI summary
The UAE's crude supply reached a record 5.3 million barrels per day in September, with loading at Fujairah port peaking at 2.62 million barrels per day, and the Ruwais refinery returning to full capacity at the end of August. However, the country's natural gas operations have not yet recovered, petrochemical plants lack feedstock, and fuel reserves are only one-third of pre-war levels. Refined product stocks at Fujairah port are down 65% from pre-war levels, gasoline and naphtha stocks are down 87%, and the ADCOP pipeline can only handle about one-third of crude export capacity.
Source:ZeroHedge · zerohedge.com