Fujairah’s residual fuel oil inventories have averaged 12% 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 1.32 million bbls to 10.10 million bbls
• Middle distillate stocks down 1.09 million bbls to 1.49 million bbls

Fujairah’s heavy distillate and residual fuel oil inventories have fallen below 10 million bbls, reaching their lowest level since February.

According to cargo tracker Vortexa, the Middle Eastern bunker hub has imported 233,000 b/d of fuel oil this month, maintaining the same level as in April. Most of these imports have originated from Iraq (26%), Kuwait (25%) and Russia (16%).

Meanwhile, fuel oil exports from Fujairah have dropped by a significant 85,000 b/d to 192,000 b/d. The majority of these cargo volumes have been sent to Singapore (41%), Saudi Arabia (17%) and Egypt (11%).

Fujairah’s middle distillate stocks have also declined, averaging 41% lower compared to April levels.

Prompt bunker availability in Fujairah remains tight, with lead times for all fuel grades steady at 5–7 days.

By Tuhin Roy

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