Fujairah Bunker Sales Gain 7.3% on Month
by Ship & Bunker News Team
Thursday May 20, 2021 Marine fuel sales at
Singapore and Rotterdam, climbed by
7.3% from the previous month in April. Total sales excluding lubricants gained 7.3% to
Fujairah Oil Industry Zone and S&P Global Platts. 380 CST VLSFO sales rose by
10.8% to
26.5% to
10.2% to
2.1% to 34.7% to
FUJAIRAH DATA: April bunker sales up 7.1% on month
Bunker fuel sales at the UAE’s Port of Fujairah in April rose 7.1% month on month, led by gains in low sulfur fuel oil and low sulfur marine gasoil.
Total sales rose to 679,338 cu m from 634,045 cu m in March, according to Fujairah Oil Industry Zone data provided exclusively on the S&P Global Platts website. It was the first rise in at least two months.
Singapore, the world’s largest bunkering hub, saw a 1.4% rise in April sales on the month, led by a 9.9% gain in high sulfur bunker fuel. However, the Asian port’s figures are not directly comparable since Singapore bunker sales are by weight in mt.
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The total inventories stood at 23.445 million barrels as of May 17, up 5.4% from a week earlier as light distillates stockpile jumped 20%, the biggest gain in six months, according to Fujairah Oil Industry Zone, or FOIZ, data provided exclusively to S&P Global Platts. The latest update, published May 19, showed stocks of middle distillates such as jet fuel hit a three-week low and heavy distillates such as fuel oil for marine bunkers and power generation were at a two-week high.
Stocks of light distillates climbed to 6.122 million barrels as of May 17, after hitting 5.096 million barrels a week earlier, the lowest since the record low of 4.198 million barrels on Oct. 26, 2020.
Low sulfur marine gasoil sales up 34.7% High sulfur marine fuel share shrinks Traders were mostly surprised at gains Bunker fuel sales at the UAE's Port of Fujairah in April rose 7.1% month on month,
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Total inventory stood at 24.041 million barrels as of May 3, up 3.3% from a week earlier and the highest since Dec. 14, 2020, according to Fujairah Oil Industry Zone data provided exclusively to S&P Global Platts. Middle distillates including gasoil and jet fuel soared 31% over the same period to 3.862 million barrels, rebounding from a one-year low a week earlier.
Oil product exports from Fujairah slowed in April, averaging only 563,000 b/d, the lowest since November and down from 612,000 b/d in March, according to data intelligence firm Kpler. Fuel oils dominated shipments last month at 260,000 b/d, followed by gasoline at 138,000 b/d, the Kpler data shows. Stockpiles of fuels used for power generation and marine bunkers stood at 14.854 million barrels on May 3, down 1% from a week earlier and the first drop in three weeks.