Fujairah’s fuel oil stocks inch up 1% in December

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

Changes in monthly average Fujairah stocks from November to December (so far):

• Heavy distillate and residual stocks up 156,000 bbls to 11.39 million bbls
• Middle distillate stocks down 484,000 bbls to 2.72 million bbls

Fujairah’s heavy distillate and residual fuel oil inventories have climbed past 11 million bbls so far this month, marking their highest level since April.

In contrast, middle distillate stocks have fallen, averaging 15% lower than last month.

Most suppliers continue to advise lead times of 5–7 days for all grades, largely unchanged from the previous week.

By Tuhin Roy

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