Sales of marine bunker fuel at the UAE’s Fujairah port slipped for a third straight month in October, led by a decline in high-sulphur bunker volumes, data from Fujairah Oil Industry Zone (FOIZ) showed.
October sales totalled 623,694 cubic metres (about 618,000 tonnes), down 2.4 per cent from September and hitting a four-month low, based on FOIZ data published by SP Global Commodity Insights.
High-sulphur marine fuel sales retreated after hitting their highest in the year in September, with volumes sliding 14 per cent month-on-month to 197,548 cubic metres in October.
Meanwhile, low-sulphur marine fuel sales including fuel oils and marine gasoils totalled 426,146 cubic metres in October, rising 4.1 per cent from September. The market share of high-sulphur bunkers contracted to 32 per cent in October, while low-sulphur bunkers widened to 68 per cent.
(Reporting by Jeslyn Lerh; Editing by Subhranshu Sahu)