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: Sources
- Saudi Aramco says oil profit slid 44.4 pct in 2020
- Drones target Riyadh oil refinery, fire brought under control: Saudi official
- Oil prices fall extending losses on demand fears over COVID-19 cases, lockdowns
- India, UAE discuss ways to strengthen energy cooperation: India’s oil minister
- Oil supercycle of sustained price surge unlikely due to ample stocks and supply: IEA