- News
- Insights
- Bunkerworld .
- FUJAIRAH DATA: Oil product stocks climb with heavy distillates reaching an eight-month high
.
-
May 26
-
May 18
-
May 13
-
May 11
-
May 4
-
Apr 26
-
Apr 22
-
Apr 11
-
Apr 7
-
Apr 6
-
Mar 23
-
Mar 15
-
Mar 8
-
Feb 28
-
Feb 11
-
Feb 2
-
Feb 1
-
Jan 17
-
Dec 27
-
Dec 10
-
Dec 3
-
Nov 25
-
Nov 16
-
Oct 29
-
Oct 25
-
Oct 12
-
Oct 8
-
Oct 4
-
Sep 30
-
Sep 29
-
Sep 24
-
Sep 23
-
Sep 17
-
Sep 10
-
Sep 9
-
Sep 6
-
Sep 2
-
Aug 30
-
Aug 27
-
Aug 23
-
Aug 20
-
Aug 17
-
Aug 13
-
Aug 9
-
Aug 3
-
Jul 29
-
Jul 26
-
Jul 22
-
Jul 15
-
Jul 5
-
Jul 2
-
Jun 28
-
Jun 22
-
Jun 18
-
Jun 11
-
Jun 7
-
Jun 4
-
May 31
-
May 28
-
May 25
-
May 21
-
May 5
-
Apr 27
-
Apr 26
-
Apr 23
-
Apr 22
-
Apr 19
-
Apr 16
-
Apr 15
-
Apr 14
-
Apr 13
-
Apr 9
-
Apr 7
-
Apr 5
-
Mar 31
-
Mar 23
-
Mar 19
-
Mar 17
-
Mar 12
-
Mar 5
-
Mar 4
-
Mar 3
-
Mar 1
-
Feb 25
-
Feb 24
-
Feb 22
-
Feb 17
-
Feb 12
-
Feb 10
-
Feb 9
-
Feb 5
-
Feb 1
-
Jan 27
-
Jan 25
-
Jan 22
-
Jan 20
-
Jan 18
-
Jan 13
-
Jan 11
-
Jan 8
-
Jan 7
-
Jan 4
-
Dec 31
-
Dec 28
-
Dec 24
-
Dec 21
-
Dec 14
-
Dec 9
-
Dec 9
-
Dec 8
-
Dec 4
-
Dec 2
-
Dec 1
-
Nov 30
-
Nov 27
-
Nov 25
-
Nov 23
-
Nov 17
-
Nov 16
-
Nov 11
-
Nov 10
-
Nov 6
-
Nov 5
-
Nov 4
-
Nov 2
-
Oct 29
-
Oct 27
-
Oct 23
-
Oct 22
-
Oct 20
-
Oct 14
-
Oct 12
-
Oct 6
-
Oct 5
-
Sep 30
-
Sep 29
-
Sep 25
-
Sep 21
-
Sep 18
-
Sep 16
-
Sep 15
-
Sep 14
-
Sep 9
-
Sep 8
-
Sep 4
-
Sep 2
-
Aug 31
-
Aug 27
-
Aug 25
-
Aug 20
-
Aug 19
-
Aug 14
-
Aug 12
-
Aug 7
-
Aug 6
-
Aug 4
-
Jul 31
-
Jul 30
-
Jul 29
-
Jul 28
-
Jul 24
-
Jul 20
-
Jul 16
-
Jul 13
-
Jul 9
-
Jul 9
-
Jul 7
-
Jun 30
-
Jun 26
-
Jun 25
-
Jun 23
-
Jun 22
-
Jun 22
-
Jun 19
-
Jun 16
-
Jun 10
-
Jun 9
-
Jun 5
-
Jun 2
-
May 29
-
May 26
-
May 21
-
May 20
-
May 15
-
May 12
-
May 8
-
May 5
-
May 4
-
May 1
-
Apr 28
-
Apr 24
-
Apr 23
-
Apr 22
-
Apr 21
-
Apr 20
-
Apr 17
-
Apr 16
-
Apr 16
-
Apr 3
Oil product stockpiles at the UAE's east coast port of Fujairah climbed for a second consecutive week led by a 16% surge in heavy distillates to an eight-month high even as gasoline and other light distillates declined close to a record low.
The total inventory stood at 23.276 million barrels as of April 26, up 7.5% from a week earlier and the highest since Feb. 1, according to April 28 data from the Fujairah Oil Industry Zone. Heavy distillates including fuel oil and marine bunkers jumped to 15.075 million barrels, the most since Aug. 24 after a 30% jump a week earlier.
Light distillates stood at 5.256 million barrels as of April 26, down 4% from a week earlier and the lowest since the record low of 4.198 million barrels on Oct. 26, 2020, according to the FOIZ data provided exclusively to S&P Global Platts.
Refinery outages across the Middle East and export demand have limited gasoline supplies, leading to rising prices in the region. The cash differential against the Platts Arab Gulf 92 RON gasoline assessment has averaged $3.43/b month-to-date as of April 27, up from $3.06/b in March and $2.67/b in February, according to Platts data.
This month, the 440,000 b/d Satorp refinery in Saudi Arabia is only gradually coming back to full output following partial works at the facility that began in the second half of February, Platts has reported. Likewise, Oman's 198,000 b/d Sohar refinery had some unexpected outages, resulting in its gasoline-related units being taken offline in late-March.
“There is some tightness in the [Middle East gasoline] market. There are concerns over domestic demand, but export demand from Africa, for example, has been steady,” a market source said.
Reflecting the pull of gasoline from regions outside of the Middle East, one LR1 tanker, Amber, was loading gasoline in the Middle East on April 30 for a voyage to the US Atlantic Coast, according to shipping sources. Traders have shipped gasoline from Fujairah to Pakistan for the past three weeks, according to data analytics firm Kpler.
At the same time, fuel oil exports from Fujairah have slowed in recent weeks, with the four-week moving average at 1.6 million barrels in the week started April 19, the lowest this year, according to Kpler. Bunker fuel sales in March fell 0.6% on the month after a 6.2% decline in February from January, according to a separate data base from FOIZ.
Middle distillates stocks, including jet fuel and diesel, stood at 2.945 million barrels as of April 26, down 9% from a week earlier and the lowest since April 13, 2020, according to the FOIZ data.
All 13 commercial terminal operators present in Fujairah are participating in the weekly stock reporting, according to FOIZ. Platts has been the official publisher of the stocks data since January 2017 and has the bunker sales data since January this year.
Bunkerworld .,