Fujairah’s fuel oil stocks have averaged 5% higher so far in April than across March, Fujairah Oil Industry Zone (FOIZ) and S&P Global data show.

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

• Heavy distillate and residual stocks up 568,000 bbls to 11.64 million bbls
• Middle distillate stocks up 72,000 bbls to 2.57 million bbls

Fujairah has imported 270,000 b/d of fuel oil so far in April, down by 60,000 b/d compared to March, according to cargo tracker Vortexa. Meanwhile, fuel oil exports have climbed to 403,000 b/d, a sharp increase of 146,000 b/d. This change has tilted the port’s trade balance towards net exports for the month.

The majority of fuel oil imports have come from Kuwait (28%), Russia (21%) and Iran (17%). On the export front, Malaysia has been the top destination, receiving 18% of Fujairah’s fuel oil exports, followed by South Korea (16%) and Tanzania (10%).

Additionally, the port’s middle distillate stocks have risen by 3% this month.

Prompt fuel availability in Fujairah remains tight, with lead times for all grades steady at 5–7 days, the same as last week.

By Tuhin Roy

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