Fujairah bunker sales declined for second consecutive month
Lower HSFO sales contributed to dragging Fujairah’s total bunker sales down by 2% in October, according to data from the Fujairah Oil Industry Zone (FOIZ) and S&P Global Commodity Insights.
Changes in Fujairah bunker fuel sales from September to October:
- Total sales down by 2% to 612,000 mt
- VLSFO sales up by 4% to 383,000 mt
- HSFO sales down by 14% to 196,000 mt
- LSMGO sales up by 4% to 32,000 mt
Fujairah’s bunker sales slipped for the second month in a row in October, averaging about 20,000 mt/day — roughly 1,000 mt/day lower than in September.
HSFO volumes fell by around 32,000 mt, ending the month at 196,000 mt.
VLSFO, which continues to dominate demand, moved in the opposite direction, rising by about 15,000 mt to 383,000 mt. LSMGO also edged up by around 1,000 mt, reaching 32,000 mt in October.
Over the first ten months of the year, Fujairah recorded total bunker sales of 6.11 million mt, marking a 3% drop from the same period a year earlier.
Fuel grade share of total sales in October (compared to the year to date):
- 63% VLSFO 380cst (65% YTD)
- 0.21% VLSFO 180cst (0.44% YTD)
- 32% HSFO (30% YTD)
- 5% LSMGO (5% YTD)
- 0.04% of 0.50% MGO (0.04% YTD)
By Tuhin Roy
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