Fujairah’s fuel oil stocks have averaged 9% higher so far this month than across June, Fujairah Oil Industry Zone (FOIZ) and S&P Global data show.

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

• Heavy distillate and residual stocks up 791,000 bbls to 9.91 million bbls
• Middle distillate stocks up 588,000 bbls to 2.45 million bbls

Fujairah has imported 231,000 b/d of fuel oil so far in July, reflecting a slight decline of 3,000 b/d compared to June. At the same time, fuel oil exports from the port have increased by 35,000 b/d to reach 165,000 b/d, according to cargo tracker Vortexa.

This month, Iraq has been the largest source of Fujairah’s fuel oil imports, accounting for 20%, followed by Georgia and Brazil with 18% each. On the export side, most of Fujairah’s fuel oil shipments have been sent to South Korea (16%), Egypt (12%), and India (9%).

Fujairah’s middle distillate inventories have also seen growth, averaging 32% higher than last month.

Despite this, prompt bunker availability remains tight, with lead times for all fuel grades holding steady at 5–7 days.

By Tuhin Roy

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