Fujairah’s fuel oil stocks drawn 14% this month
Fujairah’s residual fuel oil inventories have averaged 14% lower in the first two weeks of this month than across December, Fujairah Oil Industry Zone (FOIZ) and S&P Global data shows.
Changes in monthly average Fujairah stocks from December to January (so far):
- Heavy distillate and residual stocks down 1.55 million bbls to 9.47 million bbls
- Middle distillate stocks down 85,000 bbls to 2.48 million bbls
Fujairah’s heavy distillate and residual fuel oil inventories have slipped below 10 million bbls, marking their lowest level since October 2025.
The Middle Eastern bunker hub has imported 230,000 b/d of fuel oil so far this month, up from 204,000 b/d in December, according to cargo-tracking data from Vortexa. Iraq (46%) supplied the largest share of these imports, followed by Brazil (26%) and Nigeria (20%).
In contrast, fuel oil exports from Fujairah have declined sharply by 173,000 b/d, falling to 74,000 b/d. The bulk of these exports were shipped to Iraq (39%), with Singapore (29%) and Oman (17%) as the next largest destinations.
Middle distillate stocks in Fujairah have also edged lower, averaging 3% below December 2025 levels.
Meanwhile, suppliers continue to recommend lead times of around 5–7 days for all grades at the port, unchanged from last week.
By Tuhin Roy
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