{
  "id": 27030,
  "title": "Fujairah’s fuel oil inventories surged this month",
  "url": "https://urgent.news/2026/07/31/fujairahs-fuel-oil-inventories-surged-this-month",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-07-31T21:00:45.000Z",
  "source": {
    "name": "Hellenic Shipping News",
    "slug": "hellenic-shipping-news",
    "url": "https://www.hellenicshippingnews.com/fujairahs-fuel-oil-inventories-surged-this-month/"
  },
  "original_language": "en",
  "account": "Fujairah's fuel oil inventories surged this month, with stocks averaging 74% higher in July compared to June, according to FOIZ and S&P Global data. Heavy distillate and residual stocks rose by 2.54 million barrels to 5.98 million barrels, while middle distillate stocks fell by 60,000 barrels to 1.33 million barrels. Despite the inventory increase, heavy distillate and residual fuel oil stocks have dipped below 6 million barrels. Fuel oil imports into the UAE bunker hub have skyrocketed to 69,000 barrels per day, up from just 3,000 barrels per day in June. Saudi Arabia supplied the most imports at 43%, followed by Iraq with 27% and Russia with 20%. Fuel oil exports have also increased by 5,000 barrels per day to 191,000 barrels per day, putting Fujairah into a net fuel oil export position. Singapore is the top export destination, taking 66% of volumes, while Malaysia and Oman account for 11% and 8%, respectively. Tighter bunker fuel availability in Fujairah has been exacerbated by renewed US-Iran hostilities in the Strait of Hormuz, with VLSFO and LSMGO supplies more restricted than before.",
  "summary": "Fujairah’s fuel oil stocks have averaged 74% higher so far in July than across June, Fujairah Oil Industry Zone (FOIZ) and S&P Global data shows. Changes in monthly average Fujairah stocks from June to July (so far): • Heavy distillate and residual stocks up 2.54 million bbls to 5.98 million bbls • Middle distillate stocks ...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}