Switzerland-based energy and commodities company Vitol has completed its first biofuel deliveries in Fujairah, the United Arab Emirates (UAE).
The post Vitol completes first biofuel delivery in UAE, consolidates shipping activities appeared first on Offshore Energy.
Fujairah’s fuel oil inventories drawn 7% this month, highlights an Engine news source.
Fujairah’s residual fuel inventoriesFujairah’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 2020Changes in monthly average Fujairah stocks from July to August (so far):
https://mfame.guru/in-fujairah-fuel-oil-inventories-fell-7-in-august/
Fujairah’s fuel oil inventories drawn 7% this month, highlights an Engine news source.
Fujairah’s residual fuel inventoriesFujairah’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 2020Changes in monthly average Fujairah stocks from July to August (so far):
https://mfame.guru/in-fujairah-fuel-oil-inventories-fell-7-in-august/
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/
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 premiumsTrafigura 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...
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 dipBunker 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/
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.
ConsequencesThe 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/
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 IndexThe 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/
Bunker fuel sales at the UAE’s Port of Fujairah in March fell 0.6% on the month as crude oil got more expensive and supplies were crimped by a surprise temporary refinery outage, says an article published in S&P Global Platts.
Sales Drop outTotal sales fell to 634,045 cu m from 637,585 cu m in February, according to April 20 data from the Fujairah Oil Industry...
A recent Platts news written by Dania Saadi and Claudia Carpenter report says that Fujairah is expecting oil storage to triple by 2024 as ADNOC, other tenants expand facilities.
The Port of FujairahThe Port of Fujairah, the world’s No. 3 bunkering hub, expects its oil storage capacity to triple to...
https://mfame.guru/increasing-trade-in-fujairah-oil-storage-to-triple-by-2024/