Fujairah’s fuel oil stocks edge down 2% this month

Fujairah’s residual fuel oil inventories have averaged 2% lower so far in October than across September, Fujairah Oil Industry Zone (FOIZ) and S&P Global data shows.

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

• Heavy distillate and residual stocks down 128,000 bbls to 6.03 million bbls
• Middle distillate stocks up 790,000 bbls to 2.63 million bbls

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

In contrast, the port’s middle distillate stocks have risen sharply, averaging 43% higher than in September.

Despite subdued demand, prompt bunker supply remains tight across all grades as many suppliers face low inventories and loading delays. Recommended lead times are 5–7 days, though some suppliers can accommodate urgent requests, typically at a premium, a source said.

By Tuhin Roy

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