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

Changes in monthly average Fujairah stocks from February to March (so far):

• Heavy distillate and residual stocks up 404,000 bbls to 10.40 million bbls
• Middle distillate stocks up 313,000 bbls to 2.46 million bbls

According to cargo tracker Vortexa, Fujairah has imported 292,000 b/d of fuel oil so far in March, marking a decrease of 34,000 b/d from February. During the same period, the port’s fuel oil exports have risen by 51,000 b/d to 281,000 b/d.

This month, 22% of Fujairah’s fuel oil imports have arrived from Iran, followed by Kuwait (14%) and Russia (12%). On the export side, most fuel oil shipments from this key Middle Eastern bunker hub have been sent to Singapore (26%), Malaysia (17%) and China (11%).

Fujairah’s middle distillate stocks have also grown, averaging 15% higher compared to last month.

Bunker availability remains tight, with lead times for all grades holding steady at 5–7 days, unchanged from last week.

By Tuhin Roy

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