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

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

• Heavy distillate and residual stocks down 921,000 bbls to 8.60 million bbls
• Middle distillate stocks up 51,000 bbls to 1.34 million bbls

Fujairah’s heavy distillate and residual fuel oil inventories have dropped below 9 million bbls, marking their lowest level since January.

According to cargo tracker Vortexa, the Middle Eastern bunker hub has imported 299,000 b/d of fuel oil so far this month, up significantly from 193,000 b/d in May. The majority of these imports have come from Kuwait and Russia (16% each), followed by Iraq (14%).

At the same time, fuel oil exports from Fujairah have decreased by 47,000 b/d to 232,000 b/d. Most of these exports have been sent to China (37%), Singapore (15%), and South Korea (14%).

In contrast, the port's middle distillate inventories have increased, averaging 4% higher than in May.

Prompt bunker availability remains tight, with lead times for all fuel grades holding steady at 5–7 days, unchanged from the previous week.

By Tuhin Roy

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