Marine fuel sales in Fujairah, UAE, hit an all-time low in May

- The latest data showed that marine fuel sales at the United Arab Emirates' Fujairah port continued to decline in May, hitting an all-time low, as refueling operations remained limited after the war in the Middle East restricted shipments out of the Strait of Hormuz.

  • The latest data from the Fujairah Oil Industrial Estate, published by Standard & Poor's Global, indicates that total sales of marine fuels, excluding lubricants, amounted to 96,721 cubic meters (approximately 95,800 metric tons) during the month of May.

  • Sales of low-sulfur marine fuel fell 27 percent compared to the previous month to 65,120 cubic meters.

  • Sales of high-sulfur marine fuel fell 15 percent during the same period to 31,601 cubic meters.

  • Sales of low-sulfur marine fuel oil decreased by two percent to 7,157 cubic meters, while total sales of other types of marine fuel oil amounted to 381 cubic meters.

  • The market share of low-sulfur marine fuel shrank to 67 percent in May from 71 percent in April, while the share of high-sulfur marine fuel increased to 33 percent from 29 percent.

(Cubic meter = 6.29 barrels)

(1 metric ton = 6.35 barrels for fuel oil)