UAE’s Fujairah to publish monthly marine fuel sales data in tie-up with Platts
The marine refueling and oil storage hub of Fujairah has begun publishing monthly data on its bunkering sales volumes in partnership with S&P Global Platts, Fujairah authorities announced on Tuesday.
As one of the top three marine refueling ports in the world, “the availability of bunker sales data will further increase market transparency,” said Salem al-Hamoudi, director of the Fujairah Oil Industry Zone during the virtual International Fujairah Bunkering & Fuel Oil Forum.
For all the latest headlines follow our Google News channel online or via the app.
“Bunker sales are a leading indicator of how the global economy is doing,” said Dave Ernsberger, global head of content & market insight at S&P Global Platts during the event.
For February, Fujairah reported 631,430 cubic meters of bunkers sold across six categories of marine fuels, the data showed.
Most of it -- 494,037 cubic meters -- was 380-centistock low-sulphur fuel oil.
The data will be freely available on the 20th of each month.
OPEC+ compliance with oil cuts rises to 113 percent in February: Sources
Saudi Aramco says oil profit slid 44.4 pct in 2020
India, UAE discuss ways to strengthen energy cooperation: India’s oil minister
OPEC+ compliance with oil cuts rises to 113 percent in February: SourcesOPEC+ compliance with oil production cuts in February rose to 113 percent, two OPEC+ sources from the producer group told Reuters on Monday.For the ... Energy
Saudi Aramco says oil profit slid 44.4 pct in 2020Energy giant Saudi Aramco on Sunday posted a 44.4 percent slump in 2020 net profit due to lower crude prices, as the coronavirus pandemic weighed ... Energy
Drones target Riyadh oil refinery, fire brought under control: Saudi officialDrones targeted an oil refinery in Saudi Arabia's capital Riyadh Friday morning, causing a fire which was brought under control, a Ministry of Energy ... Gulf
Oil prices fall extending losses on demand fears over COVID-19 cases, lockdownsOil prices fell on Friday, extending losses from a big sell-off the previous day as a new wave of coronavirus infections across Europe triggered fresh ... Coronavirus
India, UAE discuss ways to strengthen energy cooperation: India’s oil ministerIndia and the UAE on Wednesday discussed ways to strengthen energy cooperation, India’s oil minister Dharmendra Pradhan said, despite the South Asian ... Energy
Oil supercycle of sustained price surge unlikely due to ample stocks and supply: IEAOil prices are unlikely to mount a dramatic and sustained surge despite vaccines expected to boost demand later this year, the International Energy ... Energy