Fujairah Bunker Sales Dipped by 1% in June

In June, Fujairah’s total bunker fuel sales experienced a slight decline of 1% from the previous month, totaling 601,000 metric tons (mt), as reported by the Fujairah Oil Industry Zone (FOIZ) and S&P Global Commodity Insights. This reduction was primarily driven by a significant decrease in high-sulfur fuel oil (HSFO) sales.

HSFO Sales

HSFO sales fell by 9% to 149,000 mt, marking a drop of 14,000 mt from May and the lowest sales volume since June of the previous year. The daily HSFO sales rate in June was approximately 4,900 mt/day, compared to 5,200 mt/day in May.

VLSFO and LSMGO Sales

Conversely, sales of very low sulfur fuel oil (VLSFO), the most in-demand product, increased by 1% to 425,000 mt in June, up by 6,000 mt from the previous month. Low sulfur marine gas oil (LSMGO) sales also saw a significant rise, climbing by 11% to 26,000 mt, an increase of 2,500 mt from May.

Year-to-Date Performance

Despite the monthly decline, the port’s total bunker sales for the first six months of the year were 8% higher compared to the same period last year.

Fuel Grade Share

In June, the distribution of fuel grade sales was as follows: VLSFO 380cst accounted for 71% of total sales (up from 67% year-to-date), VLSFO 180cst comprised 0.18% (up from 0.12% YTD), HSFO made up 25% (down from 28% YTD), LSMGO held steady at 4%, and MGO 0.50% represented 0.03% of sales, consistent with the year-to-date figure.