Fujairah bunker sales dropped to six-month low in May

Lower sales across all grades have contributed to drag Fujairah’s total bunker sales down by 4% in May, according to data compiled by 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 4% to 606,000 mt
• VLSFO sales down by 3% to 419,000 mt
• HSFO sales down by 5% to 162,000 mt
• LSMGO sales down by 8% to 24,000 mt

Fujairah's bunker sales have declined for the second consecutive month. Around 20,000 mt/day of bunkers were sold in May, down from 21,000 mt/day in April.

Sales of VLSFO, the most sought-after product, declined by around 12,000 mt in May. LSMGO and HSFO sales fell by 8% and 5%, respectively.

The Middle Eastern bunker hub’s total bunker sales for the first five months of the year were 9% higher compared to the same period last year.

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

• 69% VLSFO 380cst (67% YTD)
• 0.08% VLSFO 180cst (0.11% YTD)
• 27% HSFO (29% YTD)
• 4% LSMGO (4% YTD)
• 0.01% 0.50% MGO (0.04% YTD)

By Tuhin Roy

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