Refined Products, Fuel Oil
November 11, 2026
FUJAIRAH DATA: Oil product stockpiles drop for first time in four weeks
By Claudia Carpenter and Iris Leung
Editor:
HIGHLIGHTS
Inventories fall 10% to 10.222 mil barrels
Light distillate stocks decline 17%
Fujairah-delivered fuel oil prices slump
Oil product stockpiles at Fujairah in the UAE dropped 10% in the week ended Nov. 9, led by a 25% decline in heavy distillates used as ship fuel and for power generation, according to Fujairah Oil Industry Zone data published Nov. 11.
Total inventory fell to 10.222 million barrels, marking the first decline in four weeks after reaching its highest level since April 6 a week earlier, FOIZ data showed.
Heavy distillate stocks declined to 4.429 million barrels, the first drop in four weeks.
Inventories of light distillates, such as gasoline and naphtha, fell 17% to 2.756 million barrels, the first drop in five weeks, while stocks of middle distillates, including jet fuel and diesel, rose 35% to 3.037 million barrels, the highest since Feb. 9.
Platts, part of S&P Global Energy, assessed 0.5% sulfur marine fuel delivered Fujairah at $803/metric ton on Nov. 10, down 8.2% day over day and the lowest since Aug. 28. Platts assessed 380 CST high sulfur fuel oil delivered Fujairah at $530/mt on Nov. 10, down 13% from Nov. 9 and the lowest since July 13.
