Fujairah’s fuel oil inventories averaged 1% lower in November than in October, Fujairah Oil Industry Zone (FOIZ) and S&P Global data shows.

Changes in monthly average Fujairah stocks from October to November:
• Heavy distillate and residual stocks down 160,000 bbls to 10.49 million bbls
• Middle distillate stocks up 366,000 bbls to 2.37 million bbls
Fujairah imported around 214,000 b/d of fuel oil in November, down from 262,000 b/d imported across October, according to cargo tracker Vortexa.

In the same period, the Middle Eastern bunker hub’s fuel oil exports fell massively by 128,000 b/d to 232,000 b/d in November.

Almost half of Fujairah’s fuel oil imports came from Iraq (45%) in November, followed by Russia (31%) and Iran (10%). Meanwhile, the majority of its fuel oil exports headed for Singapore (27%). Thailand and Malaysia (13%) were the second and third largest export destinations.

The port’s middle distillate stocks, on the other hand, surged by 18% in November.

Prompt availability of all grades remains tight in Fujairah, with lead times going up slightly from 7-10 days last week to 9-10 days now.
Source: ENGINE, https://engine.online/news/availability/fujairahs-fuel-oil-stocks-drawn-1-pc-in-november-54eb