Fujairah’s residual fuel oil inventories have averaged 10% lower so far this month than across April, Fujairah Oil Industry Zone (FOIZ) and S&P Global data shows.

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

• Heavy distillate and residual stocks down 1.15 million bbls to 10.26 million bbls
• Middle distillate stocks down 870,000 bbls to 1.60 million bbls

According to cargo tracker Vortexa, the Middle Eastern bunker hub has imported 186,000 b/d of fuel oil so far this month, a sizeable decline from 233,000 b/d in April. Most of these imports have come from Iraq (30%), followed by Kuwait and Russia (21% each).

During the same period, the port’s fuel oil exports have made a significant drop of 84,000 b/d, falling to 193,000 b/d. The majority of exports have been sent to Singapore (30%), Saudi Arabia (22%) and South Korea (15%).

The port’s middle distillate stocks have decreased, averaging 35% lower compared to April.

Bunker availability remains limited in Fujairah, with lead times for all fuel grades holding steady at 5–7 days.

By Tuhin Roy

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