Fujairah fuel oil inventories dip 1% in October

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

Fujairah imported 103,000 b/d of fuel oil in October, down from 133,000 b/d in September, according to cargo tracker Vortexa. Russia accounted for 22% of the imports, followed by Saudi Arabia (17%) and Singapore (14%).

Fuel oil exports fell to 279,000 b/d in October from 357,000 b/d in September, according to cargo tracker Vortexa. Singapore took 46% of the exports, followed by China (18%) and Pakistan (11%). Exports exceeded imports, making Fujairah a net exporter.

Middle distillate stocks averaged 2.37 million bbls in October, 2% below September’s 2.42 million bbls.

This story was originally published by Hellenic Shipping News. Read the full story at Hellenic Shipping News →