Fujairah Q1 2021
Fujairah Q1 2021
Driving towards the goal of being a global energy hub
**Driving towards the goal of
being a global energy hub**
Q1 2021 | S&P Global Platts Quarterly Report **No.14**
Global Head Of Pricing and Market Insight Content Management
S&P Global Platts
The trading hub of Fujairah has delivered across all fronts in the past 12 months, serving global and regional energy markets well as a beacon of development and innovation throughout a time of uncertainty, as we all worked through the impact of Covid-19 on the markets we serve. What a year we’ve had, and on behalf of all of us at S&P Global Platts, we hope you and your loved ones have stayed safe and well.
This year will see important pieces of Fujairah’s long-term vision fall into place. At Fujcon, we together celebrate the fifth year of independent flat price assessments from Platts, and the fifth year that we are proudly partnering with Fujairah Oil Industry Zone to share weekly inventory data for light, middle and heavy distillate refined products.
We are excited to be partnering with the port to add new data to this stream. Monthly bunker delivery data will help global markets understand
better than ever the flows of fuels into shipping at Fujairah. As a world-leading bunkering port, bunker delivery data from Fujairah will help shipowners (and their suppliers) understand better than ever how to manage their supply needs.
Meanwhile, the launch of the Murban crude oil futures contract brings a fresh emphasis on the value of medium, sweet crude loadings in Fujairah as part of the global crude benchmarking mosaic. With the launch of Murban futures and Platts’ existing FOB Fujairah refined products assessments, the markets will for the first time have product and crude values on a Fujairah basis, allowing for good, side-by-side analysis of the physical crack spreads and refining margins that supply and trading for markets around the world.
The Middle East will become net long in gasoline this year, as it has been in diesel, fuel oil, naphtha and jet fuel, meaning that the economics of FOB markets in Fujairah have never been more relevant for energy consumers in Asia, Europe, Africa and the Americas.
It has been impressive to see Fujairah continuing to grow storage capacity, add refining capabilities and host more trade. In a year that has brought more volatility than any other, Fujairah delivered impressively on its vision to play a pivotal role in global energy markets as the Middle East’s natural clearing center for spot trading, and a central focus point for pricing.
At Fujcon, we together celebrate the fifth year of independent flat price assessments from Platts, and the fifth year that we are proudly partnering with Fujairah Oil Industry Zone to share weekly inventory data for light, middle and heavy distillate refined products.
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Refined oil products to see stronger demand as vaccine rollouts gain momentum
Refined oil products to see stronger demand as vaccine rollouts gain momentum
A new year often brings with it fresh optimism and 2021 has been no exception. One indication of this has been the steady rise in the price of crude oil, which has led to international benchmarks breaching $60/barrel in recent weeks. Despite this the global pandemic continues and we have seen countries seek to protect their populations through vaccination programs. In the United Arab Emirates there has been a swift rollout of vaccinations, with half the population having already received theirs.
As vaccinations accelerate oil demand is expected to continue rising as the global economy recovers from last year’s contraction. Refined oil products are set to see stronger demand year on year, given the low base in 2020. India, with the worlds second largest population, continues to see leading economic indicators show signs of improvement, with higher services and manufacturing PMIs in January. This comes despite the country being the second worst hit nation in the world by COVID-19 in terms of coronavirus cases.
Moving back across the Arabian Sea to the Gulf, there is expected to be both higher production and higher demand for refined fuels in the years
ahead. In Saudi Arabia the Jazan refinery startup is underway with the 400,000 b/d refinery expecting to reach 200,000 b/d of production capacity later this year. Overall total refining capacity in the Middle East is set to expand to 12 million b/d in 2023, up from 9.9 million b/d in 2019, according to S&P Global Platts Analytics. The additional product demand and supply in the region is set to boost volumes in Fujairah, the key oil trading hub for the Middle East.
Fujairah is not just a place for vessels to load and discharge their cargoes but it is also a hub for ships to buy bunkers, transfer crew and conduct maintenance work on the vessels that call at the port. With over 40 million barrels of refined product storage capacity and around 20 million barrels of crude oil storage capacity the port stands ready to deal with the regions rising requirements for fuels.
It’s not just the storage of oil and the other roles above that makes Fujairah a key hub. The port also has two independent refineries capable of producing over 500,000 mt of IMO 2020 compliant bunker fuel a month. In addition to this, the matrix manifold system allows the movement of oil from terminal to terminal without the need to load and discharge vessels when moving oil across the terminals. This efficient method of transport provides market participants a competitive edge when they look to trade material at the port they need for storage or blending requirements.
This is the fifth year of weekly stock reporting at the Port of Fujairah and last year the average weekly stock levels across all oil products hit an annual record high since reporting began in early 2017. Total refined product stocks last year averaged 23.968 million barrels on a weekly basis. This followed a severe decline in oil demand, therefore prompting more products to move into storage.
In contrast in 2019 they averaged 21.665 million barrels, while in 2017 they averaged 19.299 million barrels. Since the start of this year, combined product stocks have remained above the 21 million barrel level, with total product stocks in January averaging 22.350 million barrels.
As we look to the rest of the year ahead, a continued swift rollout of vaccines globally will help to tackle the virus which in turn will lead
to a continued recovery in the global economy. The Port of Fujairah will play a vital role in this process given its role as the leading trading and oil storage hub in the Middle East.
Fuel oil markets in 2020:
A year in review
Fuel oil markets in 2020: a year in review
By Beth Brown | Rajesh Nair | Tamara Slelman
Global fuel oil markets weathered choppy waters in 2020, contending with the monumental change brought by the International Maritime Organization’s global sulfur cap, but also demand destruction on the back of the coronavirus pandemic.
Demand for 0.5% sulfur marine fuel skyrocketed at the start of the year, as IMO 2020 regulations kicked in and made it the bunker fuel of choice. This led to record wide spreads between 0.5%S marine fuel and 3.5% high sulfur fuel oil (HSFO) globally.
Unfortunately for those who invested in scrubbers—exhaust gas cleaning systems that allow ship operators to continue using higher sulfur fuels—the price rise was short-lived. Marine fuel markets came under pressure in February 2020 amid the intensifying COVID-19 crisis, which weakened arbitrage opportunities and left global oil markets to grapple with product oversupply.
While volatility from IMO 2020 was expected in the early stages of the year, no one quite anticipated the degree of volatility bunker players would face from the collapse of oil demand globally.
S&P Global Platts assessed the spread between 0.5%S and 3.5%S fuel oil at its widest on January 3, 2020, at $321.50/mt, on an FOB Rotterdam barges basis. Following the widespread impact of COVID-19 on oil markets, the spread plunged 88% to $38/mt on June 4, 2020
In addition to the overall decline in 0.5%S marine fuel prices, COVID-19 also disrupted the downstream pricing dynamic in the US Gulf Coast. Since April, the Houston marine fuel 0.5%S bunkers market has averaged a negative margin to the USGC wholesale barge market.
Houston 0.5%S bunkers fell to a discount as large as $35/mt to the cargo market at one point in 2020, after starting the year nearly $100/mt higher
than cargo. For comparison, the Houston IFO 380 bunkers price averaged a $37/mt premium to the wholesale USGC HSFO market for 2019, a typical spread for the retail end of the supply chain.
Transport fuel demand collapsed as a result of restricted travel and social distancing, but was felt more acutely in air and land transport fuels, with most global trade taking place on the high seas. Demand for jet fuel, gasoline and diesel came under significant pressure amid national lockdowns, pushing refineries to reduce their runs.
By the end of September 2020, the 0.5%S marine fuel Brent crack surpassed that of all other transportation fuels in Europe, as it priced stronger than traditionally more profitable products such as diesel, gasoil and jet. This strength continued into 2021, supported largely by an eastward pull towards Singapore and the surrounding region while domestic availability remained constrained on months of refinery run cuts.
The 0.5%S marine fuel Brent crack averaged $7.88/b in January 2021. To put this into perspective, the 2020 low on April 27 was assessed at 31 cents/b, while the 2020 high on January 6, 2020 was at $23.54/b.
Asian demand for 0.5%S marine fuel stemmed from the regional utility market and from sellers looking to restock after running down inventories in December in the lead-up to year end. Tighter LNG stocks prompted Northeast Asian electricity providers to secure, by whatever means necessary, other sources of power generation and industrial feedstocks, to keep up with robust winter energy demand.
As such, the Asian marine fuel 0.5%S crack spread, the difference between frontmonth Singapore marine fuel 0.5%S and the Dubai crude swap, widened to a 10-month high of $13.07/b on January 20, 2021
Similarly, the USGC 0.5%S marine fuel crack trended upwards in January 2021, amid limited local supplies, reaching levels not seen since before
the pandemic. The product recently overtook USGC ultra low sulfur diesel (USLD) to record the highest refined products crack in the region.
The USGC marine fuel 0.5%S forward curve shows the crack stabilizing around an $8-$9/b premium to Brent this year though, so the USGC ULSD and gasoline cracks are expected to overtake it later in the first quarter and remain at a premium throughout the summer, in line with seasonal increases in demand for those products.
Sustained demand for HSFO
Looking at the bottom of the barrel, 3.5%S fuel oil prices, which were expected to fall off a cliff after IMO 2020, showed resilience and enjoyed steady margins in 2020, with prices expected to be stable or firmer in 2021.
Rotterdam bunker sales saw HSFO take 28% of total demand in the year, and 34% in Q4. The European HSFO Brent crack averaged negative $8.74/b in 2020, compared with negative $13.62/b in 2019. This relative strength was supported by reduced refinery runs, power generation demand from Saudi Arabia, and increased demand from vessels retrofitted with scrubbers.
The USGC HSFO cracks strengthened throughout 2020 and were largely stable at about a $10/b discount to 0.5%S marine fuel due to HSFO’s outlet as a coking feedstock. US refinery utilization recovered to start 2021 at 82.5% operable capacity, the highest since March.
At the heart of the bullish sentiment around HSFO for 2021 are expectations of progressively rising demand led by an increase in the adoption rate of scrubbers. New scrubber installations are expected to rise from 18% of the global fleet in 2020 to 28% in 2025, and in December 2021, vessels with scrubbers are likely to account for over 1 million b/d of 3.5%S FO demand, according to Platts Analytics.
But there may also be a shift in terms of the major locations for HSFO supply. The cost of maintaining storage and delivery infrastructure to meet a small volume of HSFO demand is likely to become unfeasible at all but the biggest bunkering hubs globally, with relatively smaller bunkering hubs refocusing on low sulfur marine fuel. That bodes well for Singapore, the world’s largest ship refueling destination, with state-of-the-art infrastructure and vast storage capacities, putting it in a good position to take a bigger share of HSFO trade.
After tackling sulfur emissions, the next major IMO goals include reducing carbon intensity—the CO2 emissions of the international fleet averaged out per vessel. The organization is targeting a 40% cut by 2030 compared with 2008 levels, and a reduction in total greenhouse gas emissions of 50% by 2050
A number of so-called “future fuels” are being considered, including hydrogen, ammonia and biofuels, but the infrastructure for these products is limited and upfront costs can be considerable. The transition to lower-sulfur bunker fuels in 2020 has demonstrated some of the unique challenges presented by global shifts in specifications, even within the same residual oil-based product. Therefore, the emerging lower-carbon bunkers are likely to supplement, rather than quickly replace, the use of residual-based fuel.
Port of Fujairah:
Transparency in the Making
Port of Fujairah: Transparency in the Making
By David Martinez
Senior Director, Commodity
Solutions Crude and Refined
S&P Global Platts
The Port of Fujairah enjoys many features that have helped it become one of the most important hubs for global trade and the oil industry. Features like the port’s closeness to the UAE’s crude production centres, the direct exit to the Arabian Sea and its impressive infrastructure, including VLCC-capable terminals and major storage facilities. Fujairah is now one of the world’s top three ports for bunkering with Singapore and Rotterdam. But enough has been said in this magazine over the years about the importance and relevance of the Port of Fujairah. The fact is indisputable.
Transparency is essential to understand market movements, trade flows and for the development of accurate balance outlooks. These are key ingredients of successful and liquid trading hubs, enabling traders and investors to identify and seek opportunities
In recognition of the port’s importance and to support its customers’ commercial operations, Fujairah’s leadership proactively sought to provide operational transparency. In 2017 it empowered the Fujairah Oil Industry Zone to partner with S&P Global Platts. Together, they made available for the first time the weekly inventory of fuel oil, residuals products, middle distillates and light ends stored in the port’s facilities. This data has been the perfect complement to the pricing data provided by S&P Global Platts, supporting the development of the markets for refined products in Fujairah and around the region.
The Port of Fujairah and the Fujairah Oil Industry Zone are now taking the next step in developing what could become a comprehensive transparency platform. Again in partnership with S&P Global Platts, they are making available to the market information about the sale of bunker fuels and lubricants at the port of Fujairah.
Bunkering may not enjoy the prestige or prominence of tanker shipping. But especially in current times, the importance of comprehensive and timely bunker sales statics can’t be overstated.
The global COVID-19 pandemic has greatly affected the supply, demand and flow of goods. But economic recovery is on the horizon, thanks in part to several vaccines being approved and administered globally. Bunker sales are a very good lead indicator or economic activity. Regional trends and differentials will help us understand how and where the world is restarting its engines.
Furthermore, it has been a year now since the implementation of the IMO2020 regulation to combat and control sulphur emissions from shipping. The industry has seen a clear and consistent shift towards low-sulfur bunker fuels, including some new products and specifications. And bunker sales statistics are vital to understanding how the industry is adapting and evolving.
About the New Port of Fujairah Statistics
There are currently about a dozen companies with a valid bunkering license operating at the Port of Fujairah, and the number has remained stable over the last few years. They report to the port’s authorities the total volume of bunker sales during the previous month by the tenth day each month. The port then compiles, validates and prepares the data for reporting. The Port of Fujairah and S&P Global Platts aim at making the data available to the market on the website fujairah.platts.com by or on the 20th of each month.
Bunker sales are broken down into six relevant categories:
- 180cst low sulfur fuel oil
- 380cst low sulfur fuel oil
- 380cst marine fuel oi
- Marine gasoil
- Low sulfur marine gasoil
These categories paint a complete picture by covering both conventional and emerging products, such as low sulfur fuels. The volumes are reported in cubic meters and with high precision.
History for the six categories is starting in January 2021. It will grow over time and is available for visualization for registered users. Registration to the platform is free, automated, and only takes a few clicks.
Expert pricing analysts at S&P Global Platts have provided commentary about the inventory statistics since the inception of the transparency platform. In a few sentences, they summarize the latest figures in absolute and relative terms. They will also provide commentary about the bunker sales statistics, adding additional value to the raw figures.
And This is Only the Beginning
The parties involved in the Fujairah transparency project want to enable market participants to operate and invest in Fujairah with confidence. They have grand ambitions for this initiative in line with the ambitions of the port. Over the coming months, the Fujairah Oil Industry Zone, the Port of Fujairah and S&P Global Platts will continue working together to offer the market even more information and improve the user experience of visitors to fujairah.platts.com.
Scan on the QR code to find out more about the Platts Fujairah Statistics
*S&P GLOBAL PLATTS & FUJAIRAH*
The evolution of
S&P GLOBAL PLATTS & FUJAIRAH
The evolution of
The rise of the Middle East as a major trading and refining hub, at the epicentre of energy demand, quickly marked the region out as the fulcrum in rapidly evolving global energy trade flows. The ambition that has underpinned the expansion of Fujairah as a significant logistics hub has helped reshape those energy flows, even as the trade flows were reshaping Fujairah.
The Port of Fujairah today hosts key market makers while the presence of tanks for blending and storage, pipelines, deep water port facilities, the presence of refining facilities that can produce IMO 2020 compliant fuel and its geographic position at the crossroads of international trade mean it has emerged as a vibrant marketplace.
The port of Fujairah has emerged as a vibrant marketplace."
For S&P Global Platts, such credentials are the hallmark of benchmark pricing services – the provision of robust, independent price reporting driven by transparent market-derived price information – and the drive towards lower sulfur fuel oils as part of the IMO’s 2020 changes will only consolidate that position.
Long an important cog in the provision of bunker fuels to the marine world, S&P Global Platts isn’t new to the Middle East – its first Kuwait-based bunker fuel assessments were launched in 1986, with Khor Fakkan assessments launching in 1989, followed by Fujairah as far back as 1994. As refining in the region has intensified and improved, fuel oil assessments were joined by jet fuel and gasoil assessments, along with propane and butane in 1998, with naphtha and gasoline completing an impressive pricing suite by 2008.
Now, the start of the new decade has brought with it a cut in sulfur levels to 0.5% for marine fuels – and, once again, Platts and the Port of Fujairah are at the forefront, with the launching of a suite of Marine Fuel 0.5% assessments reflecting the value of IMO 2020 complaint fuel at the port.
When you consider that marine fuels contribute 6% of total global oil demand, you realize the impact this change is having on the entire oil complex as around 3.2 million barrels a day of barrels of heavy, high sulfur residual fuel demand has had to be replaced by lower sulphur fuel that is compliant with the new IMO 2020 regulations.
Platts assesses premiums
for spot market differentials
Recent changes to Middle East
S&P Global Platts Middle East
product pricing changes
S&P GLOBAL PLATTS & FUJAIRAH
Platts has a full suite of Marine Fuel maximum 0.5% sulfur assessments in Fujairah, covering the various ways the IMO-compliant fuel is sold. The first assessment is a cargo assessment which reflects the largest parcels the fuel trades in, often before it is exported to further afield.
Platts also has bunker assessments at the Port of Fujairah that it launched in July 2019. The first is for ex-wharf bunkers which are parcels sold onto bunker barges and the second assessment at the port is for delivered bunkers. In addition to the physical cargo and bunker assessments, Platts in May 2019 launched assessments for financially settled derivative contracts at the port which settle against the average of the physical cargo assessment.
Platts in October 2016 launched independent price assessments on an FOB Fujairah basis for cargoes of 95 RON gasoline, gasoil, HSFO 380 CST and kerosene. Most recently in September 2020 Platts launched 95 RON gasoline cargo and naphtha cargo assessments on an FOB Fujairah basis.
S&P Global Platts partnership with the Port of Fujairah to publish the Fujairah oil inventory data gives unparalleled transparency over the activity in the port.
As of Monday, February 15 total oil product stocks in Fujairah stood at 20.854 million barrels falling by 329,000 barrels week on week. Overall product stocks fell by 1.6% with draws in both middle distillates and heavy residues, stocks of light distillates posted a build. Stocks of heavy distillates fell by 3.1%, falling by 299,000 barrels on the week to stand at 9.487 million barrels. Heavy residues are the single largest category of stocks with light distillate stocks second, standing at 7.201 million barrels.
Were you aware of IMO 2020's shift to replace heavy, high sulfur residual fuel?
- Yes, absolutely.
- I had heard about it.
- No, I was not aware.
Promoting Fujairah storage data
Platts Fujiarah Oil Inventory Dashboard
Since the launch of the Fujairah Oil Inventory Dashboard in January 2017, the number of unique viewers to the website has stabilized at an average of 140 to 170 per week. In addition, many of these unique visitors are returning on a weekly basis, indicating that the Fujairah Inventory data has established itself as a valuable source of market information. The heat map shows the home countries of visitors to the Fujairah Oil Inventory Dashboard during the past six months underlining the global interest.
We have continued to raise awareness of Fujairah and its Storage Data through PR, social media, advertising, events and conversations with our channel partners.
Our public relations partner Gulf Intelligence has maintained regional focus and presence, with some of the online and offline coverage featured:
Social Media Clippings in Q2 2020
Fujairah Storage Data Weekly Infographs 2020 & 2021
*MEET THE TEAM*
S&P Global Platts
based in Dubai
MEET THE TEAM
S&P Global Platts Middle East based in Dubai
Commercial Director & Regional Head,
Peter Galbraith is Commercial Director and Regional Head Middle East for S&P Global Platts. Peter joined S&P Global Platts in April 2017 and is responsible for leading regional initiatives as well as the growth of the Middle East S&P Global Platts business. Peter has more than 19 years experience in commodities, global banking and financial services across Europe, Middle East, Africa and Australia. Prior to SP Global Platts Peter held commodity sales roles at Thomson Reuters and FIS before joining SP Global Platts. Peter holds a BA Commerce degree from University of Wollongong and a Diploma of Financial Planning from Deakin University.
Analytics Sales Director for the Middle East and Africa
Claire Godard is Analytics Sales Director for the Middle East and Africa. Claire joined S&P Global Platts in April 2017 and is responsible for selling Platts’ energy markets analytics solutions across the Middle East and Africa. Claire has over 25 years of energy market experience having most recently spent 4 years at a start-up company in the analytics space. Prior to that she worked in both Paris, France and London, UK, in the trading divisions of investment banks including Goldman Sachs as well as the oil major, BP, where she advised EMEA corporates on their energy price risk management strategies. Claire holds a BA in European Studies with French and Italian from the University of Bath.
Market Engagement Manager
Dan Colover acts as an ambassador for a diverse group of Middle East energy market participants, including those in the oil, refined product, LNG , and petrochemicals markets.
Dan joined S&P Global Platts in 2008, covering oil markets for S&P Global Platts out of London. In 2013, he transferred to Singapore where he took on an oil management role, and then moved into a role serving as S&P Global Platts market engagement development lead for oil in the region. In 2016 Dan was appointed as Associate Editorial Director for crude and fuel oil markets in the Asia region.
Commercial Manager Platts
Ezzat Eid is a Commercial Manager and joined S&P Global Platts in August 2017. Based in Dubai, Ezzat is responsible for the retention and growth of Platts clients in the region.
Prior to that, Ezzat started his career at Thomson Reuters, where he held a number of roles over 7 years, including Sales Specialist - Asset and Investment Management, solely responsible for Large Financial Institutions and Strategic entities. Ezzat holds an MSc in Fluid Power Systems from the University of Bath, UK and a BEng Mechanical and Automotive Engineering from The University of Birmingham, UK.
Jamila Al Ibrahim
Client Development Manager, Middle East
Jamila Al Ibrahim is the Client Development Manager,Middle East for S&P Global Platts in Dubai.Jamila joined Platts in April 2016 as associate Editorial Operations Analyst in London, before progressing the same year to the role of Associate Editor for the Dry Bulk Shipping desk, covering pricing and news for the Atlantic markets.She then held the role of Editor for the European and Turkish Ferrous Metals markets in 2018,while the following year she joined the EMEA Power team as a Managing Editor, covering Energy Transition, Renewables, Guarantees of Origins and Hydrogen news and pricing. Prior to joining S&P Global Platts, Jamila held the role of Research Manager for Banking System Profiles at Moody’s Investors Services in London.
Commercial Manager Platts
Damien is a Commercial Manager and joined S&P Global Platts in 2013 in S&P Global London’s headquarter. Based in Dubai since early 2015, Damien is responsible for the retention and growth of strategic and regional accounts in the Middle East. Damien has more than 11 years of experience in Commodities, Economic data and consulting services within Europe, Middle East and Africa. Prior to S&P Global Platts, Damien held Senior Business development roles at CEB now Gartner and Financial Times Business. Damien holds an advanced Master in Marketing & Management from ESSEC business School and a Master in Business Management from ESC Amiens Business school of Management.
Commercial Manager Platts
Suad Bashe is a Commercial Manager and joined S&P Global Platts in 2016. Based in Dubai, Suad is responsible for developing relationships as well as retaining and growing accounts across the Middle East. Suad has over 12 years of experience in customer relationship management and sales within the Financial and Commodity sectors in Europe and the Middle East. Prior to S&P Global Platts, Suad held a number of roles at Thomson Reuters and FactSet.
Suad holds an MSc in Information Systems Management and a BSc in Information Technology in Enterprise Systems from Brunel University London, UK.
Managing Editor, OPEC and Middle East
Herman Wang is a London-based managing editor, OPEC and Middle East news, for S&P Global Platts. He covers OPEC’s semi-annual ministerial meetings in Vienna, and oversees Platts’ reporting on the Middle East, managing a team of Platts editors in Dubai and a network of correspondents throughout the region. He also serves as the principal editor for Platts’ closely followed monthly OPEC production survey. Herman previously was based in Washington, D.C., as a senior editor for Platts, covering U.S. energy policy. He was a co-creator and co-host of Platts Capitol Crude, The U.S. Oil Policy Podcast, which won the 2015 Jesse H. Neal Award for best webcast. Herman is a Northwestern University alum and worked for daily newspapers in Tennessee, North Carolina and Pennsylvania before joining Platts in 2009.
Associate Editor for Oil Pricing,
Middle East & Africa
Tahani Karrar is the Oil Pricing Associate Editor for the Middle East and Africa region at S&P Global Platts. Tahani joined S&P Global Platts in May 2019 and is responsible for oil pricing coverage including MEA market data, insights and pioneering benchmark methodology for the region.
Tahani has more than 14 years’ experience in geopolitics, technology and financial services spanning Europe, Asia, the Middle East and Africa. Prior to SP Global Platts Tahani held editorial roles at Google, Thomson Reuters and The Wall Street Journal. Tahani holds a MEng Biochemical Engineering degree from University College London and speaks fluent Arabic.
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S&P Global Platts is proud to be working with the Fujairah Oil Industry Zone, bringing transparency through weekly oil inventory data.
We have a dedicated Channel Partners team, consulting with key alliance partners to help them understand the value of the Fujairah Oil Inventory Storage Data to their subscribers. We also work with other major distributors to ensure the same level of customer service.
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