Fujairah bunker sales fall again in August as HSFO demand weakens
Weaker HSFO sales weighed on Fujairah’s bunker market, pushing total sales down by 3% in August, according to Fujairah Oil Industry Zone (FOIZ) and S&P Global Commodity Insights. Changes in Fujairah bunker fuel sales from July to August: Total sales down by 3% to 221,000 mt VLSFO sales up by 4% to 148,000 mt HSFO ...
Fujairah's bunker sales experienced a decline in August, with total sales decreasing by 3%, according to data from Fujairah Oil Industry Zone (FOIZ) and S&P Global Commodity Insights. The month saw a reduction in High-Sulfur Fuel Oil (HSFO) sales, which fell by around 12,000 mt to 58,000 mt, or approximately 1,900 mt/day, down from 2,200 mt/day in July.
This decline came after a brief rebound in July, marking the fifth consecutive month of growth. In sharp contrast, sales of Very Low Sulfur Fuel Oil (VLSFO) rose by nearly 6,000 mt, and Low Sulfur Marine Gas Oil (LSMGO) sales also increased by around 1,600 mt to 15,000 mt. Throughout the first eight months of the year, Fujairah's total bunker sales amounted to 2.07 million mt, marking a significant 57% decline compared to the same period last year.
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