Oil product stockpiles at Fujairah in the UAE declined 8% in the week ended Dec. 29, narrowing this year’s increase to 20%, according to Fujairah Oil Industry Zone data published Dec. 31.

The total fell to 18.694 million barrels, the lowest in eight weeks. The 20% increase for 2025 is the first annual gain since 2022, when stocks jumped 29%, according to FOIZ data compiled by S&P Global Energy since 2017.

Light distillates, including gasoline and naphtha, dropped 11% for the week to 6.661 million barrels, marking a five-week low. Middle distillates, such as jet fuel and diesel, retreated 8% over the week to 2.124 million barrels, a three-month low.

Heavy distillates used for power generation and shipping slipped 6% to 9.909 million barrels, the lowest in eight weeks. Platts-assessed low-sulfur marine fuel 0.5% bunker delivered in Fujairah was $425/mt on Dec. 29, compared with $329/mt for high-sulfur fuel oil 380 CST delivered in Fujairah. Platts is part of S&P Global Energy.

Heavy distillates stocks increased 32% since the end of 2024, the biggest annual gain since 2019 when they climbed 62%, according to the FOIZ data. Light distillates climbed 9.8% for 2025 and middle distillates rose 7.9%, the data show.
Source: Platts