Fujairah Port's marine fuel oil sales in February dropped to a record low, and March sales may be even worse

金十2026/03/17 03:57

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Golden Ten Data reported on March 17 that S&P Global released data from the Fujairah Oil Industry Zone, showing that bunker fuel sales at the UAE’s Fujairah Port dropped to a monthly record low in February. Due to the outbreak of the US-Iran conflict at the end of February and ongoing drone attacks that have hindered oil loading operations at this major Middle Eastern fueling hub, trade sources expect sales to decline further in March. According to the latest data and historical figures since 2021, bunker fuel sales in February (excluding lubricants) totaled 549,765 cubic meters (approximately 544,570 metric tons). Sales of low-sulfur bunker fuel decreased by 1% month-on-month to 365,706 cubic meters, while high-sulfur bunker fuel sales sharply dropped by 35.6% to about 147,000 cubic meters. Sales of marine gasoil fell by 2.7% to 37,070 cubic meters. The market share of low-sulfur fuel oil expanded from 64% in January to 73% in February, while the market share of high-sulfur fuel oil narrowed from 36% to 27%.

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