Marine fuel sales in Fujairah, UAE, hit an all-time low in May
Singapore, June 17 (Reuters) - 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)
