Fujairah’s fuel oil inventories averaged 17% lower in May than in April, Fujairah Oil Industry Zone (FOIZ) and S&P Global data show.

Changes in monthly average Fujairah stocks from April to May:

• Heavy distillate and residual stocks down 1.89 million bbls to 9.53 million bbls
• Middle distillate stocks down 1.18 million bbls to 1.29 million bbls

Fuel oil stocks in the UAE port of Fujairah have fallen below 10 million bbls, marking their lowest level since February.

Fuel oil imports averaged 193,000 b/d in May, down from 233,000 b/d in April, according to cargo tracker Vortexa. Meanwhile, fuel oil exports from the Middle Eastern bunker hub edged up by 2,000 b/d to 279,000 b/d in May, shifting the port’s trade balance to a net export position.

In May, most of Fujairah’s fuel oil imports came from Kuwait (28%), followed by Russia (18%) and Iraq (17%). On the export side, the majority of volumes were shipped to Malaysia (36%) and Singapore (34%), with Saudi Arabia receiving 11%.

Middle distillate stocks at the port also saw a sharp decline, averaging 48% below April levels.

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

By Tuhin Roy

Please get in touch with comments or additional info to news@engine.online