Fujairah’s fuel oil inventories down 4% coming into October

Fujairah’s residual fuel oil inventories have averaged 4% lower in the first week of October 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 236,000 bbls to 5.92 million bbls
• Middle distillate stocks up 470,000 bbls to 2.31 million bbls

Fujairah’s heavy distillate and residual fuel oil inventories have fallen below 6 million bbls, marking multi-year lows.

The Middle Eastern bunker hub has imported 510,000 b/d of fuel oil so far this month, a sharp increase from 286,000 b/d in September, according to data from cargo tracker Vortexa. Kuwait and Malaysia were the largest suppliers, each accounting for 21% of imports, followed by Nigeria at 18%.

Fuel oil exports from Fujairah have also risen significantly, up by 105,000 b/d to 353,000 b/d. Most of these volumes were shipped to Malaysia (27%), with Taiwan (17%) and India (16%) following as key destinations.

In contrast, Fujairah’s middle distillate stocks have increased, averaging 26% higher than September levels.

Prompt bunker availability remains tight across all grades at the port, with recommended lead times of 5–7 days.

By Tuhin Roy

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