Fujairah’s fuel oil stocks increase by 11% this month

Fujairah’s residual fuel oil inventories have averaged 11% higher 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 up 703,000 bbls to 6.86 million bbls
• Middle distillate stocks up 1.12 million bbls to 2.96 million bbls

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

The port’s middle distillate stocks have also increased sharply, averaging 61% higher than in September.

In Fujairah, prompt bunker supply remains tight across all fuel grades despite subdued demand, with recommended lead times of 5-7 days.

By Shilpa Sharma and Aparupa Mazumder

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