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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)
