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/

Fujairah Bunker Sales Declines In March

  • Singapore bunker sales rise despite crude gains.
  • Temporary outage at Uniper Energy refinery.
  • Marine gasoil bunker sales led decline.

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 out

Total sales fell to 634,045 cu m from 637,585 cu m in February, according to April 20 data from the Fujairah Oil Industry...

https://mfame.guru/fujairah-bunker-sales-declines-in-march/

Increasing Trade in Fujairah, Oil Storage To Triple by 2024

  • Total oil and crude product storage to reach 11 million cu m in 2021.
  • Fujairah seeing increasing trading among terminal operators.
  • Bunkering may get a boost from new container terminal, cruise ships.

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 Fujairah

The 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/

Western Low Sulfur Arbitrage Volumes Could Near 3mil mt In April

April arrival volume was more or less steady, or a touch higher, than around 2.8 million mt or so of product that is expected to land in Singapore for March, traders added, reports S&P Global.

Low sulfur marine fuel

“There’s a little bit of slippage from March arrival into April, not more than 200,000 mt; other than that, the rest of the volumes are entirely slated for April-arrival,” said a trader based here.

Expected Western arbitrage volumes for April, like for March, in itself, would more or...

https://mfame.guru/western-low-sulfur-arbitrage-volumes-could-near-3mil-mt-in-april/

Premium for Marine Fuel 0.5%S Bunker Delivered 49-Week High

An unexpected outage in the week started March 7 at German energy trader Uniper’s Fujairah-based crude processing unit has crimped product availability, sending the premium for marine fuel 0.5%S bunker delivered at the port to a 49-week high on March 12, reports S&P Global Platts.

What Happened? 

“[The unit] has been stopped since last few days. [Uniper] is currently depleting its available stocks,” said a Dubai-based source close to the company and familiar with the matter.

The premium for...

https://mfame.guru/premium-for-marine-fuel-0-5s-bunker-delivered-49-week-high/

Minerva Bunkering Rolls Out Advanced Delivery Platform At 3 Hubs

  • Long-term contract with Hafnia commences with ADP service now available for all customers.
  • Emerson published white paper details the data integrity and innovative solution set of the ADP.
  • Continued rollout of ADP service to additional ports across the Minerva network.

Marine fuel supplier Minerva Bunkering has launched its new digital supply platform, with tanker company Hafnia using it to take on a term contract, reads the company website.

3 Major hubs

Minerva’s new ‘Advanced Delivery Platform‘...

https://mfame.guru/minerva-bunkering-rolls-out-advanced-delivery-platform-at-3-hubs/

VLSFO Demand Outshines Other Refinery Products in Asian Market

  • Refiners cut output on weak jet fuel demand; tighten VLSFO supply
  • Ship fuel demand at most ports above pre-COVID levels – trader
  • Refiners reap most profit from VLSFO vs other refined products

According to a Reuters report, asian refiners’ profit from producing very low sulphur fuel oil (VLSFO) climbed to six-month highs this week as output cuts keep supplies tight while demand for the shipping fuel at most ports are back at pre-pandemic levels, traders and analysts said.

VLSFO on Priority

The...

https://mfame.guru/vlsfo-demand-outshines-other-refinery-products-in-asian-market/

GP Global’s Restructuring Leaves Bunker Market Tight

GP Global sells its Fujairah terminal leaving the bunker market tight, reports Ship & Bunker.

GP Global’s restructuring 

Troubled Middle East bunker supplier GP Global’s exit from the regional bunker market has left UAE’s Fujairah bunkering hub tight.

GP Global as a part of its restructuring plans, sold its Fujairah terminal.

Stuck bunker fuel 

According to S&P Global Platts, a sizeable volume of bunker fuel is stuck in the terminal’s tanks as talks progress.

According to a bunker supplier, “I’m not...

https://mfame.guru/gp-globals-restructuring-leaves-bunker-market-tight/

Oil Stocks Witness 9-Month Lows Wiping Off 2020 Gains

  • Fujairah stockpiles on the UAE’s East Coast tumbled to a nine-month low wiping out gains for the year.
  • Stockpiles have dropped for a record seven weeks in a row and have declined a whopping 36% since the record high of 30.71 million barrels.
  • Exports of heavy distillates from Fujairah in the week started October 5 soared to 3.39 million barrels.
  • Middle distillates stocks, including jet fuel and gasoil, jumped 15% in the week ended October 12 to 4.435 million barrels, a three-week high.
  • Light...

https://mfame.guru/oil-stocks-witness-9-month-lows-wiping-off-2020-gains/

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