Fujairah bunker sales dropped by 14% in February
Lower sales across all grades contributed to drag Fujairah’s total bunker sales down by 14% in the shorter month of February, according to data compiled by Fujairah Oil Industry Zone (FOIZ) and S&P Global Commodity Insights.
Changes in Fujairah bunker fuel sales from January to February:
- Total sales down by 14% to 539,000 mt
- VLSFO sales down by 1% to 362,000 mt
- HSFO sales down by 36% to 146,000 mt
- LSMGO sales down by 2% to 31,000 mt
Fujairah’s bunker sales fell to their lowest monthly level in 12 months, averaging about 19,000 mt/day in February, down by roughly 900 mt/day from January.
HSFO sales dropped sharply by 81,000 mt, falling to 146,000 mt in February. This translates to daily sales of around 5,000 mt, down from 7,000 mt/day in January.
Meanwhile, VLSFO, the most widely demanded bunker fuel, also recorded a decline of more than 3,000 mt in February. LSMGO sales fell by around 1,000 mt to 31,000 mt for the month.
Despite the monthly slowdown, Fujairah’s total bunker sales for the first two months of the year were almost unchanged compared with the same period last year.
Fuel grade share of total sales in February (compared to the year to date):
- 67% VLSFO 380cst (62% YTD)
- 0.08% VLSFO 180cst (0.14% YTD)
- 27% HSFO (32% YTD)
- 6% LSMGO (5% YTD)
- 0.03% of 0.50% MGO (0.04% YTD)
By Tuhin Roy
Please get in touch with comments or additional info to news@engine.online
