Fujairah fuel oil inventories down 11% in October so far

Fujairah's fuel oil stocks have averaged 11% lower so far this month than across September, Fujairah Oil Industry Zone (FOIZ) and S&P Global data shows.

Changes in monthly average Fujairah stocks from September to October (so far):

• Heavy distillate and residual stocks down 489,000 bbls to 4 million bbls
• Middle distillate stocks up 111,000 bbls to 2.53 million bbls

Middle distillate stocks have averaged 5% higher in the month so far than across September.

VLSFO availability in Fujairah has improved, despite continued disruptions to vessel traffic through the Strait of Hormuz amid US-Iran tensions, a regional source said. However, supplies of LSMGO and HSFO remain limited.

By Shilpa Sharma

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