Fujairah bunker sales declined for third straight month
Lower VLSFO, LSMGO and HSFO sales have contributed to dragging Fujairah’s total bunker sales down by 7% in November, according to data from the Fujairah Oil Industry Zone (FOIZ) and S&P Global Commodity Insights.
Changes in Fujairah bunker fuel sales from October to November:
- Total sales down by 7% to 569,000 mt
- VLSFO sales down by 7% to 357,000 mt
- HSFO sales down by 6% to 185,000 mt
- LSMGO sales down by 22% to 25,000 mt
Fujairah’s bunker sales declined for a third straight month in November, averaging around 19,000 mt/day, about 1,000 mt/day lower than in October.
Sales of VLSFO, the port’s most sought-after grade, saw a sharp drop of 26,000 mt, falling to 357,000 mt. LSMGO volumes also eased, down by roughly 7,000 mt to 25,000 mt. HSFO sales slipped by about 11,000 mt to 185,000 mt, marking their lowest level since August.
Cumulatively, Fujairah’s total bunker sales over the first eleven months of the year reached 6.7 million mt, around 3% lower than the same period last year.
Fuel grade share of total sales in November (compared to the year to date):
- 63% VLSFO 380cst (65% YTD)
- 0.25% VLSFO 180cst (0.42% YTD)
- 32% HSFO (30% YTD)
- 4% LSMGO (5% YTD)
- 0.08% of 0.50% MGO (0.04% YTD)
By Tuhin Roy
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