Fujairah’s fuel oil stocks have averaged 1% higher so far this month than across August, Fujairah Oil Industry Zone (FOIZ) and S&P Global data show.

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

• Heavy distillate and residual stocks up 55,000 bbls to 7.10 million bbls
• Middle distillate stocks up 139,000 bbls to 2.19 million bbls

Fujairah has imported 257,000 b/d of fuel oil so far in September, an increase of 83,000 b/d from August, according to cargo tracker Vortexa. Over the same period, the port’s fuel oil exports dropped sharply by 136,000 b/d to 71,000 b/d, shifting Fujairah into a net import surplus and contributing to a buildup in stocks.

This month, 25% of Fujairah’s fuel oil imports came from Georgia, followed by Iran (15%) and Russia (14%). On the export side, shipments have mainly gone to Iraq (50%), with smaller volumes to South Africa (22%) and Oman (9%).

Fujairah’s middle distillate stocks have also risen, averaging 7% higher than last month.

Meanwhile, prompt bunker availability remains tight across all grades, with recommended lead times of 5–7 days.

By Tuhin Roy

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