Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Oil

Fujairah data: Bunkers, other heavy fuels inventories drop to 4-month low

Oil | Crude Oil | Oil Risk | Shipping | Marine Fuels | Tankers

Saudi shut-in after attacks, and an exploding scrubber: just another week in oil

Oil

Platts Market Data – Oil

Oil | Refined Products | Fuel Oil | Shipping | Dry Freight | Marine Fuels | Tankers

Mediterranean Bunker Fuel Conference, 8th Annual

Electricity | Electric Power | Oil | Refined Products | Petrochemicals

Tropical Depression Imelda brings heavy rains and flooding to southeast Texas

Fujairah data: Bunkers, other heavy fuels inventories drop to 4-month low

Dubai — Inventories of marine bunkers and other heavy distillates at the port of Fujairah in the UAE dropped to a four-month low at the start of this week amid reports of increasing demand, data released Wednesday by the Fujairah Oil Inventory Zone showed.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

Heavy distillates, which includes fuels for power generation, stood at 8.6 million barrels as of Monday, the lowest since March 4 and down 13% from a week earlier, the data showed.

Bunker demand at the port to date in July is relatively better than in June because of lower prices than at other refueling destinations, S&P Global Platts reported last week. Fujairah-delivered 380 CST bunker fuel was assessed at $433/mt Monday, compared with $466/mt in Singapore and $510/mt in Mumbai.

"Lower prices than other major ports like Singapore have brought some owners back this month," a Fujairah-based bunker supplier told Platts. Peak summer air conditioning usage may also be increasing demand from the power sector, according to Alex Yap, senior analyst at Platts in Singapore.

Stockpiles of light distillates, including gasoline, rose 11% week on week to 8.158 million barrels, the third consecutive weekly gain, and middle distillates, such as jet fuel and gasoil, climbed 6.4% over the same period to 2.314 million barrels, the highest since May 27. Demand for gasoil in China and India has remained lackluster, according to a Platts report.

Total stockpiles dropped 1.5% week on week to 19.072 million barrels as of Monday after rising the week before for the first time in six weeks.

All commercial terminal operators in Fujairah participate in the weekly stock reporting at the request of FOIZ, the Middle East's largest commercial storage facility for refined products. A total of 11 terminals participate, including storage volumes involved in activities such as blending and refining. Platts is the official publisher of the data .

(Corrects total and light products figures)

-- Claudia Carpenter, claudia.carpenter@spglobal.com

-- Edited by Wendy Wells, newsdesk@spglobal.com