Oil product inventories in Fujairah, United Arab Emirates, fell 5% in the week ending March 30 to 13.321 million barrels, the lowest level in six months, according to Fujairah Oil Industry Zone data published on April 1.
The total has fallen for four straight weeks, or 36%, since March 2, just days after the Iran war began on February 28. Fujairah has been attacked at least six times since then. This total is the lowest since the record low of 13.089 million barrels on September 15, 2025.
FOIZ inventory data has been compiled by S&P Global Energy since 2017.
Heavy distillates used as ship fuel and power generation fell 0.4% in the latest week to 5.329 million barrels, also the fourth consecutive decline and the lowest level since 2018.
Medium distillates, including jet fuel and diesel, rose 0.6% to 1.876 million barrels, the second consecutive increase, while light distillates such as gasoline and naphtha fell 10% to 6.116 million barrels, the lowest level since September 29.
Platts, part of S&P Global Energy, assessed 0.5%S marine fuel delivered at Fujairah at $850 per metric ton on March 31, down 4% day-on-day. Its recent peak of $1,126 per metric ton on March 12 was the highest since July 2022. High sulfur fuel oil delivered at Fujairah was valued at $690 per metric ton on March 31, down 6.1% on a daily basis.
source: Platts
