Fujairah fuel oil inventories down 13% in October so far

Fujairah's fuel oil stocks have averaged 13% 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 597,000 bbls to 3.90 million bbls
• Middle distillate stocks up 20,000 bbls to 2.44 million bbls

Middle distillate stocks have averaged 1% higher in the month so far than across September.

Prompt bunker supply remains tight in Fujairah, particularly for VLSFO and LSMGO grades, a source said. However, availability is stable in Saudi Arabia’s Jeddah.

By Shilpa Sharma

Please get in touch with comments or additional info to news@engine.online