Oil product reserves in Fujairah, located in the United Arab Emirates, reached 8.216 million barrels in the week ending September 28, 2026, representing a 20% decrease compared to the previous week. This decline occurred after a record increase of 59% in the prior week, when reserves had reached 10.286 million barrels.
Decrease in Various Oil Product Reserves
According to published data, heavy reserves, used as ship fuel and for electricity generation, decreased by 30% to 3.910 million barrels. This decline followed an almost doubling in the week ending September 21, 2026.
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On the other hand, middle reserves, which include jet fuel and diesel, increased by 3.3% to 2.690 million barrels, marking the highest level since February 23, 2026. Meanwhile, light reserves, which include gasoline and naphtha, decreased by 23% to 1.616 million barrels, the lowest level in the past two weeks.
Changes in Marine Fuel Prices
On average, the price of marine fuel with 0.5% sulfur delivered to Fujairah on September 29, 2026, decreased to $950 per metric ton. This price reflects a 2.1% decrease compared to September 16, 2026, when it was $1,030 per metric ton.
Additionally, the price of 380 CST fuel oil delivered to Fujairah on September 29, 2026, decreased to $665 per ton, also indicating a 4.3% decline compared to the previous day. These developments in the oil and petroleum product market clearly indicate significant fluctuations and changes in global demand and supply.
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