In June, Fujairah’s total bunker fuel sales experienced a slight decline of 1% from the previous month, totaling 601,000 metric tons (mt), as reported by the Fujairah Oil Industry Zone (FOIZ) and S&P Global Commodity Insights. This reduction was primarily driven by a significant decrease in high-sulfur fuel oil (HSFO) sales.
HSFO SalesHSFO sales fell by 9% to 149,000 mt, marking a drop of 14,000 mt from May and the lowest sales volume since June of the previous year. The daily HSFO sales rate in...