- Singapore Bunker Demand Eases Year on Year.
- 180 CST VLSFO Drops Sharply but Gains Month on Month.
- 380 CST VLSFO Slightly Lower on Year, Higher from September.
Bunker sales at Fujairah, the bustling oil hub in the Middle East, took another hit in October, as reported by the Fujairah Oil Industry Zone (FOIZ) and S&P Global Commodity Insights. The total bunker volumes, excluding lubricants, reached 623,694 m³, marking a 1.9% decline compared to last year and a 2.4% drop from the previous month, reports Port News.
Singapore Demand Moderates
In Singapore, the demand for both conventional and biofuel bunkers dipped by 1.5% year on year in October, although it still managed to stay 0.9% above the levels seen in September.
VLSFO Sales Show Mixed Performance
- 180 CST VLSFO: Sales of 180 CST VLSFO plummeted by 49.1% year on year, totalling just 1,293 m³, but there was a silver lining with a 23.7% increase month on month.
- 380 CST VLSFO: Sales of 380 CST VLSFO experienced a slight decline of 4.3% year on year, reaching 386,711 m³, yet volumes were up by 4% compared to September.
HSFO Demand Retreats
The demand for high-sulphur fuel oil (HSFO) has pulled back from the peaks seen in September. Sales of 380 CST HSFO amounted to 197,548 m³, down 1.7% year on year and 14% month on month. Despite the lower volumes, HSFO still made up 31.7% of total bunker demand, a slight increase from the 31.6% share recorded a year ago.
Middle Distillates Surge
Sales of middle distillates saw a significant boost:
- Marine gasoil (MGO) surged by 241% year on year, reaching 300 m³.
- Low sulphur marine gasoil (LSMGO) climbed 35% to 37,842 m³, hitting its highest level since July 2025.
From January to October, Fujairah reported a total of 6.22 million m³ in bunker sales, which is a 2.8% decrease from the 6.40 million m³ recorded during the same period last year.
Prices Move Lower
Price indicators showed a continued downward trend: Fujairah’s average VLSFO price in October dropped to $462/mt, down from $584.
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Source: Port News
