Latest news with #FOIZ
Zawya
22-07-2025
- Business
- Zawya
UAE's Fujairah first-half 2025 bunker sales drop 5% from 2024
SINGAPORE - Sales of bunker fuel softened at the United Arab Emirates' Fujairah port in the first half of 2025, falling 5% from the same period in 2024, data from the Fujairah Oil Industry Zone (FOIZ) showed. The emirate of Fujairah, located on the east coast of the UAE near the entrance to the Strait of Hormuz, is a major bunkering port in the region and a key refuelling point for tankers taking crude on long voyages out of the Gulf. Bunker volumes from January-June this year totalled 3.7 million cubic metres (about 3.6 million metric tons), compared with 3.9 million cubic metres in the same period last year, based on FOIZ data published by S&P Global Commodity Insights. Sales in June declined to a four-month low of 563,000 cubic metres, down 8% from May. Ships were operating more cautiously in the Gulf last month after tensions between Iran and Israel flared, before a ceasefire was reached. Some traders had expected bunker volumes to taper off slightly. While most ships continued to transit the Strait of Hormuz last month, they tried to minimise time spent in the region due to safety concerns. However, prior to the recent round of geopolitical tensions, refuelling demand was already tepid for most of this year, some Dubai-based trading sources noted. Bunker price differentials to benchmark quotes stayed weak for both low-sulphur and high-sulphur bunker grades this year, sources said. Volumes for both grades also dropped year-on-year in the first half, calculations based on FOIZ data showed. Fujairah bunker sales by month, in cubic metres: 2025 Total bunker sales (minus lubricants) M-o-M Y-o-Y 180cst LSFO 380cst LSFO MGO LSMGO 380cst HSFO Lubricants Jan 628,663 3.7% -6.8% 2,141 403,717 79 37,635 185,091 4,351 Feb 554,117 -11.9% -12.5% 702 382,303 341 28,176 142,595 4,183 Mar 639,811 15.5% -8.7% 1,195 432,560 128 37,788 168,140 4,991 Apr 669,378 4.6% 4.8% 885 443,509 307 35,289 189,388 5,296 May 614,296 -8.2% -0.2% 9,972 407,208 662 31,572 164,882 4,454 Jun * 563,007 -8.3% -7.8% 7,356 361,332 271 33,942 160,106 4,054 Data source: Fujairah Oil Industry Zone data published by S&P Global Commodity Insights (1 cubic metre = 6.29 barrels) (1 metric ton = 6.35 barrels for fuel oil) (Reporting by Jeslyn Lerh; Editing by Jamie Freed)
Gulf Business
16-05-2025
- Business
- Gulf Business
UAE's Fujairah marine fuel sales hit over a year's high in April
Image credit: Getty Images (Picture used for illustrative purposes) Marine fuel sales at the United Arab Emirates' Fujairah port reached more than a year's high in April, extending recovery for a second straight month, latest data showed. Read- Sales, excluding lubricants, totalled 669,378 cubic metres (about 663,000 metric tons) at the world's third largest bunker port, based on Fujairah Oil Industry Zone (FOIZ) data published by S&P Global Commodity Insights late Thursday. Bunker volumes in April climbed 4.6 per cent from the previous month, while edging 4.8 per cent higher from the same month last year. The uptick was led by supported demand for high-sulphur marine fuel, with sales climbing 12.6 per cent month-on-month to 189,388 cubic metres. Meanwhile, low-sulphur marine fuel sales, including low-sulphur fuel oils and marine gasoils, inched 1.8 per cent higher to about 480,000 cubic metres. The market share of high-sulphur bunkers widened to 28 per cent in April, while low-sulphur bunkers were at 72 per cent. Bunker demand at Fujairah rebounded in March and April after a slump in February. Fujairah bunker sales by month, in cubic metres: Month Total Sales M-o-M Y-o-Y Jan-25 628,663 3.7% -6.8% Feb-25 554,117 -11.9% -12.5% Mar-25 639,811 15.5% -8.7% Apr-25 * 669,378 4.6% 4.8% Breakdown of volumes by grade, in cubic metres: Month 180cst LSFO 380cst LSFO 380cst HSFO MGO LSMGO Lubricants Jan-25 2,141 403,717 185,091 79 37,635 4,351 Feb-25 702 382,303 142,595 341 28,176 4,183 Mar-25 1,195 432,560 168,140 128 37,788 4,991 Apr-25 * 885 443,509 189,388 307 35,289 5,296 Data source: Fujairah Oil Industry Zone data published by S&P Global Commodity Insights (1 cubic metre = 6.29 barrels) (1 metric ton = 6.35 barrels for fuel oil)
Zawya
16-05-2025
- Business
- Zawya
UAE's Fujairah marine fuel sales hit over a year's high in April
SINGAPORE - Marine fuel sales at the United Arab Emirates' Fujairah port reached more than a year's high in April, extending recovery for a second straight month, latest data showed. Sales, excluding lubricants, totalled 669,378 cubic metres (about 663,000 metric tons) at the world's third largest bunker port, based on Fujairah Oil Industry Zone (FOIZ) data published by S&P Global Commodity Insights late Thursday. Bunker volumes in April climbed 4.6% from the previous month, while edging 4.8% higher from the same month last year. The uptick was led by supported demand for high-sulphur marine fuel, with sales climbing 12.6% month-on-month to 189,388 cubic metres. Meanwhile, low-sulphur marine fuel sales, including low-sulphur fuel oils and marine gasoils, inched 1.8% higher to about 480,000 cubic metres. The market share of high-sulphur bunkers widened to 28% in April, while low-sulphur bunkers were at 72%. Bunker demand at Fujairah rebounded in March and April after a slump in February. Fujairah bunker sales by month, in cubic metres: Month Total Sales M-o-M Y-o-Y Jan-25 628,663 3.7% -6.8% Feb-25 554,117 -11.9% -12.5% Mar-25 639,811 15.5% -8.7% Apr-25 * 669,378 4.6% 4.8% Breakdown of volumes by grade, in cubic metres: Data source: Fujairah Oil Industry Zone data published by S&P Global Commodity Insights (1 cubic metre = 6.29 barrels) (1 metric ton = 6.35 barrels for fuel oil) (Reporting by Jeslyn Lerh; Editing by Michael Perry)
Zawya
17-03-2025
- Business
- Zawya
UAE's Fujairah marine fuel sales hit record lows in February
Singapore - Marine fuel sales in the United Arab Emirates' Fujairah, the world's third-largest bunkering hub, fell in February to their lowest since data started being published in 2021. Volumes, excluding lubricants, totalled 554,117 cubic metres (about 549,000 metric tons) for February, showed latest Fujairah Oil Industry Zone (FOIZ) data published by S&P Global Commodity Insights. The decline reflects slower refuelling demand at key bunker ports in the year so far, against a backdrop of global shipping uncertainty. Sales at top bunker port Singapore also softened recently, hitting its lowest in 20 months. Volumes at Fujairah fell month-on-month for the key bunker grades, the FOIZ data showed. Sales of 380-cst high-sulphur marine fuel dipped 2% from January to about 143,000 cubic metres in February, while low-sulphur marine fuel sales, including low-sulphur fuel oils and marine gasoils, fell 7.2% to about 412,000 cubic metres. Some demand was diverted to other ports in the region including Khor Fakkan and Jebel Ali, offering more competitive prices in some instances, a Dubai-based trading source said. The market share of high-sulphur bunkers narrowed to 26% in February, compared with 29% in January. Low-sulphur bunkers' share widened to 74% versus 71%. Fujairah bunker sales by month, in cubic meters: Month Total Sales M-o-M Y-o-Y Jan-24 674,632 2.4% 6.6% Feb-24 633,436 -6.1% 10.7% Mar-24 700,918 10.7% 25.2% Apr-24 638,960 -8.8% 7.1% May-24 615,462 -3.7% -0.8% Jun-24 610,765 -0.8% 0.9% Jul-24 621,679 1.8% -5.7% Aug-24 656,034 5.5% -3.2% Sep-24 614,929 -6.3% -2.2% Oct-24 635,471 3.3% -2.9% Nov-24 606,042 -4.6% -0.7% Dec-24 606,427 0.1% -7.9% Jan-25 628,663 3.7% -6.8% Feb-25 * 554,117 -11.9% -12.5% Breakdown of volumes by grade for Jan-25: 180cst LSFO 380cst LSFO MGO LSMGO 380cst HSFO Lubricants 702 382,303 341 28,176 142,595 4,183 Data source: Fujairah Oil Industry Zone data published by S&P Global Commodity Insights (1 cubic metre = 6.29 barrels) (1 metric ton = 6.35 barrels for fuel oil) (Reporting by Jeslyn Lerh; Editing by Mrigank Dhaniwala)
