Fujairah’s fuel oil inventories averaged 5% lower in October than in September, Fujairah Oil Industry Zone (FOIZ) and S&P Global data show.

Changes in monthly average Fujairah stocks from September to October:

• Heavy distillate and residual stocks down 471,000 bbls to 8.26 million bbls
• Middle distillate stocks down 252,000 bbls to 2.22 million bbls

Fuel oil stocks at the port have stayed below 9 million bbls for the third straight month.

The UAE port imported about 196,000 b/d of fuel oil in October, a notable drop from 328,000 b/d in September, according to cargo tracker Vortexa.

During this period, fuel oil exports from the Middle Eastern bunker hub also fell by 98,000 b/d, down to 192,000 b/d in October.

Most of Fujairah's fuel oil imports in October were sourced from Iraq (56%), followed by Iran (34%) and Kuwait (10%). The largest share of its fuel oil exports was sent to Singapore (48%), with China (20%) and Malaysia (11%) as the other destinations.

Additionally, the port’s middle distillate stocks declined in October, averaging 10% below September levels.

Prompt availability across all fuel grades remains tight in Fujairah, with suppliers recommending lead times of around 5–7 days, the same as last week.

By Tuhin Roy

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