Bunker fuel sales crash at UAE's Fujairah as regional conflict rages

Monthly volumes extended declines, hitting a fresh low in June at about 86,000 tonnes.

Low-sulphur marine fuel sales, including both residual fuels and gasoil fuels, made up 51 per cent of June volumes, while high-sulphur marine fuel sales comprised the other 49 per cent. Sales first crashed in March after the war broke out at the end of February, effectively shutting the waterway, and infrastructure was attacked, which hampered loading operations.

The Fujairah port typically imports fuel oil cargoes from other Middle Eastern exporters such as Iran, as well as from Russia.