Fujairah’s fuel oil inventories averaged 26% lower in August than in July, Fujairah Oil Industry Zone (FOIZ) and S&P Global data show.

Changes in monthly average Fujairah stocks from July to August:

• Heavy distillate and residual stocks down 2.49 million bbls to 7.04 million bbls
• Middle distillate stocks down 255,000 bbls to 2.05 million bbls

The port's fuel oil imports averaged 174,000 b/d in August, down from 254,000 b/d in July, according to cargo tracker Vortexa. Exports slipped marginally by 2,000 b/d to 207,000 b/d in August, shifting Fujairah’s trade balance into a net export position.

In August, the bulk of imports came from Iran (24%), Russia (21%) and Iraq (19%). On the export side, most volumes were shipped to Singapore (57%), followed by Malaysia (18%) and Oman (10%).

Middle distillate stocks also declined, averaging 11% below July levels.

Prompt bunker supply remains tight across all grades in Fujairah, with recommended lead times of 5–7 days.

By Tuhin Roy

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