Fujairah bunker sales declined by 8% in May

A decline in sales across all fuel grades led to an 8% drop in Fujairah’s total bunker sales in May, according to data from the Fujairah Oil Industry Zone (FOIZ) and S&P Global Commodity Insights.

Changes in Fujairah bunker fuel sales from April to May:

• Total sales down by 8% to 604,000 mt
• VLSFO sales down by 8% to 404,000 mt
• HSFO sales down by 13% to 163,000 mt
• LSMGO sales down by 11% to 27,000 mt

Fujairah's bunker sales declined in May after two months of growth, dropping to their lowest level since February. The port recorded an average sale of 19,000 mt/day in May, about 3,000 mt/day less than in April.

HSFO sales fell sharply by 24,000 mt, reaching 163,000 mt for the month. Average daily HSFO sales in May were approximately 5,300 mt/day, down from 6,300 mt/day in April.

LSMGO sales also dropped by around 3,000 mt to 27,000 mt. VLSFO, the most in-demand product, saw a decline of around 36,000 mt in May.

The port's total bunker sales for the first five months of the year stood at 3.1 million mt, down 5% from the same period last year.

Fuel grade share of total sales in May (compared to the year to date):

• 67% VLSFO 380cst (67% YTD)
• 1.64% VLSFO 180cst (0.48% YTD)
• 27% HSFO (28% YTD)
• 4% LSMGO (5% YTD)
• 0.09% of 0.50% MGO (0.04% YTD)

By Tuhin Roy

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