Fujairah fuel oil inventories steady in November so far

Fujairah’s fuel oil stocks remain broadly unchanged so far this month compared with October, Fujairah Oil Industry Zone (FOIZ) and S&P Global data shows.

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

• Heavy distillate and residual stocks down 18,000 bbls to 4.43 million bbls
• Middle distillate stocks up 669,000 bbls to 3.04 million bbls

Meanwhile, middle distillate stocks have averaged 3.04 million bbls so far this month, 28% higher than October’s average of 2.37 million bbls.

Bunker fuel supply remains tight in Fujairah across all three grades, for prompt dates and further out.

By Shilpa Sharma

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