Fujairah’s fuel oil inventories fall 12% amid higher exports

Fujairah’s residual fuel oil inventories have averaged 12% lower so far this month than across December, as per the latest data from the Fujairah Oil Industry Zone (FOIZ) and S&P Global.

Changes in monthly average Fujairah stocks from December to January (so far):

• Heavy distillate and residual stocks down 1.31 million bbls to 9.71 million bbls
• Middle distillate stocks up 266,000 bbls to 2.84 million bbls

Fujairah’s heavy distillate and residual fuel oil inventories have fallen below 10 million bbls, reaching their lowest level since October 2025.

So far this month, the Middle Eastern bunker hub has imported 120,000 b/d of fuel oil, a sharp decline from 204,000 b/d in December, according to cargo tracking data from Vortexa. The largest portion of these imports originated from Malaysia (26%), followed by Singapore (12%) and Kenya (7%).

Fuel oil exports from Fujairah have also decreased, though by a smaller margin of 60,000 b/d, to 187,000 b/d. This has shifted the port’s trade balance into a net export surplus and contributed to the drawdown in stocks. The majority of exports were destined for Nigeria (37%), Iraq (32%) and Brazil (22%).

By contrast, Fujairah’s middle distillate inventories have increased, averaging 10% higher than last month.

Meanwhile, most suppliers continue to recommend lead times of around 5–7 days for all fuel grades at the port, unchanged from last week.

By Tuhin Roy

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