Sales of marine fuel in the United Arab Emirates’ Fujairah marine refueling and oil storage hub rose 13 percent in March, official data showed, climbing to their highest level so far this year.
March bunker sales volumes were about 691,000 cubic meters, according to the latest data from the Fujairah Oil Industry Zone (FOIZ), equivalent to about 662,000 tons, Reuters calculations showed.'
For the latest headlines, follow our Google News channel online or via the app.
The March sales volume is the first monthly rise since October, when sales had hit a record high.
In February, Fujairah bunkering volumes were at about 612,000 cubic meters.
Combined low-sulphur bunker sales in February climbed 15 percent from the previous month to about 562,000 cubic meters, Reuters calculations showed.
The share of low-sulphur sales to overall bunker volumes were at 81 percent in March, compared with 80 percent in February, Reuters calculations showed.
Sales of 380-cst high-sulphur fuel oil (HSFO) rose to about 129,000 cubic meters in March, up three percent from the previous month, while demand for the mainstream 380-cst very low sulphur fuel oil (VLSFO) increased 14 percent to a three-month high of 528,000 cubic meters.
Sales of low-sulphur marine gasoil (LSMGO) jumped 40 percent in March to about 33,000 cubic meters, while marine gasoil (MGO) volumes slipped 21 percent from the previous month to about 1,100 cubic meters.
Read more:
Saudi Arabia’s economy to grow by 2.8 percent amid record-high oil prices: IMF
Egypt signs agreement with UAE’s AMEA Power for 390,000 tons of green ammonia
Climate crisis: Fund managers are sticking with fossil fuel
