Fujairah’s fuel oil stocks have averaged 10% higher so far in October than across September, Fujairah Oil Industry Zone (FOIZ) and S&P Global data show.

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

• Heavy distillate and residual stocks up 612,000 bbls to 6.77 million bbls
• Middle distillate stocks up 1.21 million bbls to 3.05 million bbls

Fujairah’s heavy distillate and residual fuel oil inventories have increased from September levels, but remain under 7 million bbls so far this month.

According to cargo tracker Vortexa, the port has imported 336,000 b/d of fuel oil in October, up by 50,000 b/d from September. In contrast, exports have dropped by a sharp 98,000 b/d to 150,000 b/d, shifting Fujairah’s trade balance towards net imports for the month.

Most of the fuel oil imports have originated from Iraq (19%), Iran (18%) and Russia (10%). On the export side, Malaysia has emerged as the leading destination, taking 40% of Fujairah’s fuel oil exports, followed by Singapore (31%) and China (14%).

Meanwhile, the port’s middle distillate inventories have recorded a substantial 66% rise this month.

Despite subdued demand, prompt bunker supply in Fujairah remains tight across all grades, as several suppliers continue to face low stock levels and loading delays. Lead times of 5–7 days are generally advised.

By Tuhin Roy

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