Fujairah’s fuel oil stocks have averaged 10% higher so far in July 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 933,000 bbls to 10.06 million bbls
• Middle distillate stocks up 505,000 bbls to 2.37 million bbls

Fujairah has imported 183,000 b/d of fuel oil so far in July, down by 51,000 b/d compared to June, according to cargo tracker Vortexa. Meanwhile, fuel oil exports have increased to 196,000 b/d, up by 66,000 b/d, shifting the port’s trade balance towards net exports this month.

The majority of fuel oil imports have come from Brazil (16%), and both Iran and Russia (15% each). On the export side, Malaysia has been the top destination, receiving 14% of Fujairah’s fuel oil exports, followed by Oman (13%) and Singapore (12%).

Additionally, Fujairah’s middle distillate stocks have surged by 27% this month.

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

By Tuhin Roy

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