Fujairah Sees Highest Vessel Bunker Fuel Sales in 3 Months.

Marine fuel sales at the Fujairah port in the United Arab Emirates rebounded in July, reaching a three-month high according to data from the Fujairah Oil Industry Zone (FOIZ) published by S&P Global Commodity Insights. Sales volumes, excluding lubricants, totaled 621,679 cubic meters, equivalent to about 616,000 metric tons. This marked a 1.8% increase from the previous month, following three consecutive months of decline, although it was still 5.7% lower than the same period last year.

The uptick in bunker sales in July was attributed to a broader increase in refueling demand at key bunker ports like Singapore and Fujairah, driven by lower crude and bunker prices throughout the month. High-sulphur fuel oil sales in Fujairah rose by 18.3% to 177,349 cubic meters, while low-sulphur bunker sales decreased slightly by 3.6% to 444,330 cubic meters, including both residual fuels and marine gas oils. The market share of low-sulphur bunkers narrowed to 71% in July, with high-sulphur bunkers accounting for the remaining 29%.

Despite the overall increase in marine fuel sales in July, the market continues to face challenges amid fluctuating demand and pricing trends. The recovery in sales at Fujairah reflects a broader pattern observed in key bunkering ports, signaling a potential stabilization in the market. As the industry navigates through ongoing uncertainties, stakeholders will closely monitor developments to assess the long-term impact on marine fuel sales and the broader maritime sector.

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