Fujairah

Fujairah Bunker Sales See Growth in July Driven by Increased HSFO Demand

Fujairah’s total bunker sales experienced a positive uptick in July, surpassing the figures recorded in June. This increase was primarily driven by a significant spike in sales of High Sulfur Fuel Oil (HSFO), according to data from the Fujairah Oil Industry Zone (FOIZ) and S&P Global Commodity Insights.

HSFO Sales Surge
HSFO sales in July saw a notable increase, climbing by 27,000 metric tons to reach 176,000 metric tons. This marks the highest level of HSFO sales since March, with daily sales...

https://mfame.guru/fujairah-bunker-sales-see-growth-in-july-driven-by-increased-hsfo-demand/

Fujairah’s Bunker Fuel Sales Report

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 Sales

HSFO 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...

https://mfame.guru/fujairahs-bunker-fuel-sales-report/

In Fujairah, Fuel Oil Inventories Fell 7% in August

Credit: OIL _UNSPLASH

Fujairah’s fuel oil inventories drawn 7% this month, highlights an Engine news source.

Fujairah’s residual fuel inventories

Fujairah’s residual fuel inventories have averaged 7% lower in the first two weeks of this month than across July, as per the latest data from the Fujairah Oil Industry Zone (FOIZ) and S&P Global.

Fujairah middle distillate, heavy distillate and residual stocks since October 2020

Changes in monthly average Fujairah stocks from July to August (so far):

  • Heavy...

https://mfame.guru/in-fujairah-fuel-oil-inventories-fell-7-in-august/

In Fujairah, Fuel Oil Inventories Fell 7% in August

Credit: OIL _UNSPLASH

Fujairah’s fuel oil inventories drawn 7% this month, highlights an Engine news source.

Fujairah’s residual fuel inventories

Fujairah’s residual fuel inventories have averaged 7% lower in the first two weeks of this month than across July, as per the latest data from the Fujairah Oil Industry Zone (FOIZ) and S&P Global.

Fujairah middle distillate, heavy distillate and residual stocks since October 2020

Changes in monthly average Fujairah stocks from July to August (so far):

  • Heavy...

https://mfame.guru/in-fujairah-fuel-oil-inventories-fell-7-in-august/

Mass Flows Meters At Fujairah Need Robust Regulatory Support

Credit: Unsplash
  • MFMs can be effective tool to achieve transparency in bunkering
  • Port authority has no plans at present to mandate MFMs

Bunkering at Fujairah would benefit from the transparency that mass flow meters confer and consequently attract more market players, but only if a mandate to use the units had robust backing from the authorities, according to bunker suppliers.

Fujairah is the world’s third largest bunker hub, with 8.03 million mt of marine fuel sold there in 2022.

Port...

https://mfame.guru/mass-flows-meters-at-fujairah-need-robust-regulatory-support/

HSFO Market Traded At Steady Discounts

Credit: shaah-shahidh-unsplash

The spot 180-cst high sulphur fuel oil (HSFO) market traded at steady discounts on Wednesday, while stable supply arrivals weighed on the broader fuel oil market, says an article published on Brecorder.

Stable premiums

Trafigura bought a 20,000-tonne cargo of 180-cst HSFO from PetroChina at a discount of $3 a tonne to Singapore quotes, and another 20,000-tonne cargo from Total at a discount of $2.50 to Singapore quotes.

Meanwhile, the 0.5% very low sulphur fuel oil...

https://mfame.guru/hsfo-market-traded-at-steady-discounts/

Fujairah 2022 Bunker Fuel Sales Down By 1.5% y/y

Credits: Emiel Molenaar/Unsplash

Sales of marine fuels, also known as bunkers, eased 1.5% year-on-year to about 7.7 million tonnes in 2022 at the United Arab Emirates’ Fujairah, the world’s third largest bunkering hub, reports Reuters.

LSFO sales dip

Bunker sales from January to December 2022, excluding lubricants, were at 8,049,364 cubic metres, data from the Fujairah Oil Industry Zone published by industry information service provider S&P Global Commodity Insights, showed.

The lower annual sales...

https://mfame.guru/fujairah-2022-bunker-fuel-sales-down-by-1-5-y-y/

HSFO Premiums Skyrocket As Russian Supplies Move In

The UAE’s Port of Fujairah is getting so crowded with Russian vessels carrying oil products that other shippers are getting crowded out, pushing up premiums for HSFO bunker fuels that have been in more demand than the low sulfur grade, port agents told S&P Global Commodity Insights.

Consequences

The congestion has pushed up HSFO prices, with the Platts Fujairah-delivered 380 CST HSFO premium against the FO 380 CST 3.5% FOB Arab Gulf cargo assessments averaging $62.78/mt over Sept. 1-14, almost...

https://mfame.guru/hsfo-premiums-skyrocket-as-russian-supplies-move-in/

No Significant Changes In Bunker Prices On June 08, MABUX

MABUX World Bunker Index (consists of a range of prices for 380 HSFO, VLSFO, and MGO in the main world hubs) continued irregular changes on June 07.

MABUX ARA LNG Bunker Index

The average price of LNG as a marine fuel in the ARA region, increased significantly on June 8: 633.88 USD / MT (+38.69 USD). The MABUX LNG Bunkering Index exceeds the cost of MGO LS in the port of Rotterdam by USD 67.88 (566 USD/MT as of June 07), the difference in price increased by USD 79 compared to June 07).

MABUX MBP...

https://mfame.guru/no-significant-changes-in-bunker-prices-on-june-08-mabux/

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