Fujairah’s fuel oil stocks plunged by 13% in September

Fujairah’s residual fuel oil inventories averaged 13% lower in September than in 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:

• Heavy distillate and residual stocks down 885,000 bbls to 6.16 million bbls
• Middle distillate stocks down 212,000 bbls to 1.84 million bbls

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

Fujairah’s middle distillate inventories also declined in September, averaging 10% lower than the previous month.
Prompt bunker supply remains tight in Fujairah across all grades, with recommended lead times of 5–7 days. 

By Shilpa Sharma

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