Fujairah’s residual fuel oil inventories have averaged 10% lower so far this month compared to August, according to the latest data from the Fujairah Oil Industry Zone (FOIZ) and S&P Global.

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

• Heavy distillate and residual stocks down 669,000 bbls to 6.37 million bbls
• Middle distillate stocks down 230,000 bbls to 1.82 million bbls

Fujairah’s heavy distillate and residual fuel oil inventories have dropped below 7 million bbls, reaching multi-year lows.

So far this month, the Middle Eastern bunker hub has imported 317,000 b/d of fuel oil, up sharply from 174,000 b/d in August, according to cargo tracker Vortexa. The largest share of these imports came from Russia (23%), followed by Iran (18%) and Iraq (14%).

Meanwhile, Fujairah’s fuel oil exports increased by 15,000 b/d to reach 222,000 b/d, with nearly half of these volumes shipped to Singapore (50%), followed by Malaysia (11%) and Pakistan (10%).

Fujairah’s middle distillate inventories have also fallen, averaging 11% lower than last month.

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

By Tuhin Roy

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