Fujairah’s fuel oil stocks have averaged 4% higher so far this month than across February, 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 419,000 bbls to 10.41 million bbls
• Middle distillate stocks up 156,000 bbls to 2.31 million bbls

Fujairah has imported 296,000 b/d of fuel oil so far in March, marking an increase of 30,000 b/d from February, according to cargo tracker Vortexa. Over the same period, the port’s fuel oil exports have risen by 38,000 b/d to 268,000 b/d.

The majority of Fujairah’s fuel oil imports have come from Kuwait (22%), followed by Iran (20%) and Iraq (10%). On the export side, Singapore has been the top destination, accounting for 24% of total volumes shipped, followed by China (14%) and Malaysia (13%).

Fujairah’s middle distillate stocks have grown by 7% this month.

Prompt bunker availability in the port remains tight, with lead times for all grades steady at 5–7 days, unchanged from last week.

By Tuhin Roy

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