Fujairah’s fuel oil stocks have averaged 4% higher so far this month than across June, Fujairah Oil Industry Zone (FOIZ) and S&P Global data show.

Changes in monthly average Fujairah stocks from June to July (so far):

• Heavy distillate and residual stocks up 399,000 bbls to 9.61 million bbls
• Middle distillate stocks up 68,000 bbls to 3.02 million bbls

According to cargo tracker Vortexa, Fujairah has imported 350,000 b/d of fuel so far in July, an increase of 125,000 b/d from June. During the same period, the port’s fuel oil exports have risen slightly by 32,000 b/d to 246,000 b/d.

About 38% of the port's total imports have arrived from Iraq this month, followed by Iran (15%) and Russia (14%). Over half of the fuel oil exports from the port have departed for Malaysia (51%), with China (17%) and Spain (16%) following.

Fujairah’s middle distillate stocks have also grown, averaging 2% higher compared to last month.

Prompt availability of all grades remains tight in Fujairah, with most suppliers recommending lead times of 7–10 days, consistent with last week.

By Tuhin Roy

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