Fujairah bunker sales rebounded in July after five-month decline
Increased sales of VLSFO, LSMGO and HSFO contributed to lifting Fujairah’s total bunker sales higher in July than in June, according to data compiled by Fujairah Oil Industry Zone (FOIZ) and S&P Global Commodity Insights.
Changes in Fujairah bunker fuel sales from June to July:
- Total sales up by 168% to 227,000 mt
- VLSFO sales up by 315% to 142,000 mt
- HSFO sales up by 66% to 70,000 mt
- LSMGO sales up by 116% to 14,000 mt
Fujairah’s bunker sales rebounded in July after declining for five consecutive months, averaging nearly 7,000 mt/day—about 4,000 mt/day higher than in June.
VLSFO, LSMGO and HSFO sales all recorded month-on-month gains. VLSFO sales increased by roughly 108,000 mt to 142,000 mt, while HSFO sales rose by around 28,000 mt to 70,000 mt. VLSFO sales averaged approximately 5,000 mt/day in July, up from 1,000 mt/day in June.
LSMGO sales also surged by about 7,000 mt to 14,000 mt during the month.
Despite the July rebound, Fujairah’s total bunker sales in the first seven months of the year reached 1.9 million mt, marking a steep 56% decline from the same period last year.
Fuel grade share of total sales in July (compared to the year to date):
- 63% VLSFO 380cst (61% YTD)
- 0.74% VLSFO 180cst (0.34% YTD)
- 31% HSFO (33% YTD)
- 6% LSMGO (6% YTD)
- 0.06% of 0.50% MGO (0.07% YTD)
By Tuhin Roy
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