Fujairah strengthened its longstanding relationship with S&P Global Platts in 2021 to start jointly publishing monthly sales of bunker fuels and lubricants, bringing important visibility into market activity in this world-leading bunker market. This is part of the Emirate’s vision to drive increased transparency as one of the leading global oil and bunker trading and storage hubs.
The Port of Fujairah and Platts make the monthly volume of bunker sales during the previous month, freely available to the market on the 20th of each month, with history commencing from the start of 2021 at fujairah.platts.com
The bunker sales volume data is broken down across six categories covering conventional and emerging products, including 180cst low sulfur fuel oil, 380cst low sulfur fuel oil, 380cst marine fuel oil, marine gasoil, low sulfur marine gasoil and lubricants. The volumes are reported in cubic meters together with insight provided by Platts about the inventory statistics in absolute and relative terms.
The new data complements the weekly oil products inventory data on light distillates, middle distillates and heavy distillates & residues that FOIZ - acting through Fujairah Energy Data Committee (FEDCom) - and S&P Global Platts have jointly published since the start of 2017.
Platts has published independent refined product prices on a FOB Fujairah basis since October 2016, enhancing transparency for market participants.