Fujairah’s residual fuel oil inventories have averaged 11% lower so far this month than across August, Fujairah Oil Industry Zone (FOIZ) and S&P Global data shows.

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

• Heavy distillate and residual stocks down 798,000 bbls to 6.24 million bbls
• Middle distillate stocks down 129,000 bbls to 1.92 million bbls

Fujairah’s heavy distillate and residual fuel oil inventories have dropped below 7 million bbls, hitting multi-year lows. The Middle Eastern bunker hub has imported 253,000 b/d of fuel oil so far this month, up sharply from 174,000 b/d in August, data from cargo tracker Vortexa shows. Nigeria accounted for the largest share of these imports (19%), followed by Iraq and Georgia (16% each).

Fuel oil exports from Fujairah have also increased by 62,000 b/d to 269,000 b/d. More than half of these volumes were shipped to Singapore (59%), with China (12%) and Iraq (8%) the next biggest destinations.

Middle distillate stocks in Fujairah have also fallen, averaging 6% lower than August levels.

Prompt bunker availability remains tight across all grades in the port, with recommended lead times of 5–7 days.

By Tuhin Roy

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