Fujairah’s residual fuel oil inventories have averaged 1% higher in the first week of August compared to across July, as per the latest data from the Fujairah Oil Industry Zone (FOIZ) and S&P Global.

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

• Heavy distillate and residual stocks up 130,000 bbls to 9.66 million bbls
• Middle distillate stocks down 28,000 bbls to 2.28 million bbls

Fujairah has imported 157,000 b/d of fuel oil so far this month, a significant decrease from 254,000 b/d in July, according to cargo tracker Vortexa. The majority of fuel oil cargoes have originated from Georgia (62%) and Iran (38%).

Meanwhile, fuel oil exports from the port have risen by 16,000 b/d to reach 225,000 b/d, shifting the trade balance in favor of net exports. Most of these exports have been Bahrain-bound.

In contrast, Fujairah’s middle distillate stocks have averaged 1% lower compared to the previous month.

The port continues to face tight prompt bunker availability across all fuel grades, despite relatively low demand. Lead times remain consistent at 5–7 days, though some suppliers can still offer prompt stems, usually at premium prices, according to a source.

By Tuhin Roy

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